Hermes International


Record profitability level maintained in H1

11/09/19 -"Hermès has maintained its record 2018 operating performance and reported a recurring operating margin of 34.8%. The negative impact of Hong Kong protests, felt mainly in August, was offset by higher ..."

Pages
56
Language
English
Published on
11/09/19
You may also be interested by these reports :
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 ...

15/08/26
We take a more cautious view on TomTom as continued revenue declines are now compounded by profitability pressure. While FY26 guidance remains at ~3% ...

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

CONFLICTS OF INTEREST

AlphaValue does not have nor seek any business with companies covered in AlphaValue Research paid by subscription. As a result, investors can be confident that there is no conflict of interest that could affect the objectivity of AlphaValue Research.

Corporate broking NO
Trading in corporate shares NO
Analyst ownership NO
Advising of corporate (strategy, marketing, debt, etc) NO
Research paid for by corporate NO
Provision of corporate access paid for by corporate NO
Link between and a banking entity NO
Brokerage activity at AlphaValue NO