All posts from Anastasia
Anastasia in ...,

Hermes Reports Record 2013 Profit Margin as Demand Remains High

Hermes International SCA (RMS), the French maker of Birkin bags and silk ties, reported a 8.9 percent increase in 2013 earnings as it sold more high-margin clothing and accessories.

Operating profit rose to 1.22 billion euros ($1.69 billion), the Paris-based company said today in a statement before European markets opened. Analysts predicted the same amount, according to the average of 12 estimates compiled by Bloomberg. The operating margin widened to a record 32.4 percent.