In The First Half Of 2014, Hermes Increased Its Operating Profit By 6.3%.

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Xiaobian of the network introduced to you Hermes Hermes in the first half of the business profit increased by 6.3%, the annual operating profit margin is expected to shrink.

H RMES International SCA (HRMS.PA) Hermes International announced today that its operating profit reached 621 million euros in the first half of the year.

The expected 617 million euros, an increase of 6.3% from 583 million euros in the same period last year, but the operating margin was affected by the exchange rate, narrowing from 32.6% in the same period last year to 32.6%.

The group reiterated that the exchange rate issue may lead to a year-round operating profit margin of a year-round decrease of 32.4% compared with last year's record, while the medium-term revenue target is still set at 10% based on fixed exchange rate, mainly driven by the Asian and American markets, but less than 12% of analysts' forecasts.

In the first half of the year, revenue rose 7.9% to 1 billion 907 million euros, or 12% at fixed exchange rates.

Net profit increased by 8% to 413 million euros per annualized year.

As of June 30th, the group had net cash of 946 million euros.

H RMES International SCA (HRMS.PA) Hermes International released two quarter results last month, indicating that the group's sales growth slowed sharply in the first quarter as a result of the decline in demand in major markets, Japan and the United States, and unfavorable fluctuations in the international exchange rate.

In the two quarter, only 5.8% of sales growth was recorded, far below 10.1% in the first quarter and 10.3% in the same period last year.

Excluding the loss of 73 million euros caused by exchange rate fluctuations (a loss of 40 million euros in the first quarter), the revenue growth in the two quarter was only 9.6%. The total sales volume increased from 910 million 400 thousand euros in the same period last year to 963 million 400 thousand euros, less than the expected euro 971 million euro.

H RMES International SCA (HRMS.PA) opened up 1.03% to 264.4 euros on Friday. In the past 12 months, the stock rose 5.3%, holding its 23.1% largest competitor.

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