Hermes Luxuriates In 'exceptional' Results
French luxury group said Friday that its sales and profit had bounded past pre-pandemic levels in the second quarter
Paris, (UrduPoint / Pakistan Point News - 30th Jul, 2021 ) :French luxury group said Friday that its sales and profit had bounded past pre-pandemic levels in the second quarter.
While the firm known for its leather handbags and silk scarves acknowledged the exceptional nature of its performance due to the fact its stores were closed in many countries during the second quarter of last year, it also said it had momentum to grow further.
"But this performance also reflects the momentum and resilience of our model," he added.
The firm said the impacts of the Covid-19 pandemic on its operations this year are difficult to assess.
Hermes shares rose 0.8 percent just after trading began in Paris, where the blue-chip CAC 40 index shed 0.4 percent.