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17.08.26 - 05:06
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Hermes Testing′s 1H26 profit more than triples on rising AI testing demand (Digitimes)
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Hermes Testing Solutions (HTSI), a semiconductor testing solutions provider, stated that continued growth in demand for artificial intelligence (AI) and high-performance computing (HPC), coupled with capacity expansion by major global foundries and packaging and testing companies, has driven demand growth across its three main businesses: probe cards and cleaning materials, testing equipment engineering services, and semiconductor equipment and customized products....
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29.07.26 - 15:01
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Birkin Bag Maker Plunges Most Since 2010 As Soft China Demand Weighs On Leather Sales (ZeroHedge)
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Birkin Bag Maker Plunges Most Since 2010 As Soft China Demand Weighs On Leather Sales
Hermès shares in Paris suffered their steepest intraday decline in nearly 16 years after second-quarter leather goods sales missed estimates among analysts tracked by Bloomberg, reigniting concerns over the luxury group's large exposure to the Chinese market.
Second-quarter sales in the leather goods division rose 10.2% at constant exchange rates, missing the Bloomberg Consensus estimate of 10.7%. Overall revenue increased 6.7% to about 4.1 billion euros, slightly ahead of estimates, driven by 13.7% growth in the Americas.
Here's a snapshot of 2Q Earnings:
Sales at constant exchange rates +6.7%, estimate +6.51% (Bloomberg Consensus)
Leather goods sales at constant exchange rates +10.2%, estimate +10.7%
Watches revenue at constant exchange rates +4.4%, estimate +0.17%
Perfumes revenue at constant exchange rates -9.5%, estimate -1.47%
Silk and Textiles revenue at constant exchange rates +12.2%, estimate...
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29.07.26 - 12:24
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Hermes International H1 Net Profit Slips (AFX)
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PARIS (dpa-AFX) - Hermes International SA (HESAF.PK, HESAY.PK, 0HV2.L, RMS.PA), a French luxury apparel, accessories, and other products company, on Wednesday reported a fall in net earnings for t......
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15.04.26 - 14:27
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Kering And Hermès Sink As War Batters Earnings; Goldman Warns Luxury Dip-Buying Is "Premature" (ZeroHedge)
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Kering And Hermès Sink As War Batters Earnings; Goldman Warns Luxury Dip-Buying Is "Premature"
Goldman's Natasha de la Grense summed it up well this morning: "Money was waiting on the sidelines to buy luxury for a de-escalation play – that feels premature with three misses in three days."
Disappointments from Kering and Hermès, both of which fell short of analyst estimates, reinforced the view that the industry of fine wine, overpriced shirts, shoes, belts, and designer bags, is not yet out of the woods and sent the Goldman Sachs EU Luxury Goods Index (GSXELUXG) down more than 4%.
Gucci's turnaround appears to be faltering, with first-quarter revenue plunging 8% - nearly double the expected decline as the US-Iran conflict hit Middle East demand and tourism.
The conflict started late in the first quarter, resulting in an 11% sales drop in the Middle East (about 5% of revenue) and shaving roughly 1 percentage point off Kering's overall sales.
Shares of Kering i...
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15.04.26 - 09:54
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Hermes International Q1 Revenue Slips (AFX)
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PARIS (dpa-AFX) - Hermes International SA (HESAF.PK, HESAY.PK, 0HV2.L, RMS.PA), a French luxury goods company, on Wednesday reported a decline in revenue for the first quarter. For the first quart......
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