PARIS – Hermès International said net profits in the first half jumped 55.2 percent to 194.6 million euros, or $258.9 million, versus 125.4 million euros, or $166.8 million, in the first six months of 2009.
The luxury firm cautioned it will face tougher comps in the second half and is targeting sales growth at constant exchange rates of around 12 percent.
During the first half, sales totaled 1.07 billion euros, or $1.43 billion, up 22.8 percent from 874.9 million euros, or $1.17 billion, during the same period last year, as reported.
Dollar figures are converted from euros at average exchange rates for the periods to which they refer.
For complete coverage, see Wednesday’s WWD.