Hermes International


Grace through a changing cycle

12/09/26 -"Our revisions do not reflect any deterioration in Hermès' business excellence or competitive positioning. We continue to believe that Hermès should outperform its industry peers, supported by ..."

Pages
58
Language
English
Published on
12/09/26
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12/09/26
Our revisions do not reflect any deterioration in Hermès’ business excellence or competitive positioning. We continue to believe that Hermès should ...

10/09/26
Richemont has clarified its long-term succession structure by appointing Anton Rupert as non-executive co-deputy chairman. While this reduces ...

09/09/26
We have lowered our EPS forecasts from H2 26 onwards, mainly reflecting a more cautious profitability outlook. Domestic demand remains soft, ...

26/08/26
The lower target price mainly reflects the update of our model. 2026 earnings will be impacted by significant restructuring charges, and we no longer ...

EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

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