Hermès Outperforms Industry with 17% Sales Increase in Q1 2024

Despite a global luxury market slowdown, Hermès achieves significant growth across all regions, led by strong demand for its high-end products.

Hermès reports a 17% rise in first-quarter sales, reaching €3.8 billion, outpacing industry expectations.
The luxury brand sees robust growth in Asia-Pacific, excluding Japan, with a 14% increase, countering a broader slowdown in China.
Leather goods and high-end products drive sales, with the leather goods division posting a 20% growth.
Despite global market challenges, Hermès maintains double-digit growth in all regions, including a 25% increase in Japan.
The company's strategic focus on high-quality craftsmanship and exclusive products continues to attract a loyal, affluent customer base.