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Luxury giants report mixed performance in FY23

Hermes (EPA: RMS)

French luxury group Hermes reported full fiscal **** results, inclusive of Q*, on February *, ****. In the fourth quarter, the group&#**;s sales reached €*,*** million, up by ** per cent at constant exchange rates and ** per cent at current exchange rates, despite the particularly high comparison base in America and Asia. Driven by sustained sales, the group continued the trend seen in the third quarter.