Herm S Hermes Releases Slower Growth In Earnings

Herm s International SCA (HRMS.PA)

International Wednesday released its four quarter and full year results, the company said Paris's domestic violence led to domestic violence.

The group's fourth quarter sales in France were only 1%.

At the same time, Herm s s, Hermes, warned that due to global economic and geopolitical instability and currency turmoil, the growth rate in 2016 will probably be below the medium-term target of 8%.

In 2015, the total income of Herm s s Hermes increased 8.1% to 4 billion 841 million euros, which was in line with expectations, but significantly slowed down compared with 11.1% in 2014.

The news also stimulated the market to worry about the luxury industry and the prospect of Herm s Hermes. Over the past two years, the global luxury market continued to weaken due to China's economic slowdown and continuing anti-corruption.

Exane BNP Paribas farba analyst Luca Solca said that even high-end products were not immune before the economic cycle, and the market is now generally expected to be global in 2016.

Market growth is only 2%.

Zuzanna Pusz, a Berenberg analyst, said he should not be overly worried. He said the French home market would recover slowly, while the brand mainland China market still had growth, and Herm s s's expectations were more conservative.

In addition to the depressed French market, the other markets in Europe still have an increase of 11.6% in the fourth quarter. The overall European market increased by 7% in the four quarter and 8.7% in 2015.

The Japanese market also benefited from tourism consumption, the fourth quarter income increased by 16.2%, and the annual growth rate was 18.3%.