PARIS — Hermes iPhone 5 case International announced a bonus results and said 2014 earnings climbed 7 percent as the French manufacturer of Birkin bags sold additional information high-margin leather goods in the Unites states.
Operating profit reached 1 . the 3 billion euros ($1. 4 billion), Hermes iPhone case said in a statement Saturday, in line with the average of estimates published by Bloomberg. The company also proposed a wonderful dividend of 5 euros good share, on top of a regular payment of two. 95 euros.
Got something to? Start the conversation and be the first in line to comment.
Hermes has weathered lessening luxury growth better than many of his / her peers as high prices on top of that limited supply and distribution advise reinforce its elitist appeal. Continues to, the maker of $9, one thousand saddles showed last month that it isn’t always immune to softening demand to be able to markets such as China as it predicted currency- adjusted revenue growth of 7 percent this year, below its mid- term annual target for a 10 % increase.
Hermes, which created even close to 700 new jobs last year, “will continue its long-term development process based on creativity and maintaining control of its know-how, ” the company exclaimed in a statement.
Sales in the Unites states rose 15 percent, excluding digital money shifts, and were about a 6th of total revenue.
The in use margin narrowed to 31. 5% of revenue, within the company’s predict range, dragged down by antagonistic currency shifts.
Axel Dumas, part of the company’s founding family, removed Patrick Thomas as sole CHIEF EXECUTIVE OFFICER last year. Deputy Managing Director Tanker Albaladejo, who helped defend french luxury-goods maker from a potential takeover by LVMH Moet Hennessy Lv SE, stepped down last month.
Money, which the company reported in Feb .., rose 11 percent at incessant exchange to 4. 12 thousand euros.