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European luxury companies deliver strong performance in Q2 & H1 FY23

HERMÈS INTERNATIONAL (EPA: RMS)

In July, French luxury group Hermès International reported an outstanding second quarter and half yearly FY** (ended June **, ****) performance. The group’s sales in Q* FY** were €*,*** million, which reached €*,*** million in Q* FY**, growing at **.* per cent in constant exchange rates and **.* per cent on reported basis driven by a strong momentum across all business lines and regions. On a half yearly basis, the comparable sales were €*,*** million in **** against €*,*** million in **** that reflected **.* per cent growth on reported basis and **.* per cent in constant exchange rates. The half yearly recurring operating income reached €*,*** million (** per cent of sales) and net income touched €*,*** million or ** per cent of sales.