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MORE: Hermes 3Q Total Sales, Leathergoods Constant FX Sales Miss 2013-11-06 15:47:45.90 GMT
By Heather Burke Nov. 6 (Bloomberg) -- Hermes 3Q total sales EU895.5m, est. EU908m (median of 9). * 3Q total sales growth constant FX up 12.9%, est. 13.4% (median of 9) * 2013 growth objective for rev. at constant FX may exceed 11% * Previous outlook: Sales at constant FX could “slightly exceed” mid-term growth target of 10% * Depending on FX fluctuations, 2013 current op. margin could be close to historical high achieved in 2012 (32.1%) * 3Q total Europe sales growth constant FX 10.5%, est. 12.3% * 3Q Japan sales growth constant FX 5.8%, est. 6.5% * 3Q Asia Pacific sales growth constant FX 16.4%, est. 17.5% * 3Q Americas sales growth constant FX 17.6%, est. 14.5% * 3Q Leathergoods and Saddlery sales growth constant FX 8.4%, est. 11% * 3Q ready-to-wear sales growth constant FX 18.9%, est. 18% * 3Q Silk and Textiles sales growth constant FX 12.7%, est. 12% * Shrs down 0.3%, earlier up as much as 1.3% * Preview here: NSN MVU93U6K50ZI <GO> * Earlier story: NSN MVULZZ6JIJVC <GO> * Statement: NSN MVULN83PR6RL <GO>
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To contact the reporter on this story: Heather Burke in London at +44-20-7673-2044 or hburke2@bloomberg.net
To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net