Hermès H1 turnover hit by store closures due to pandemic

The Hermès group’s consolidated revenue in the first half of 2020 amounted to 2,488 million euros (2,926.5 million dollars), down 24 percent at current exchange and 25 percent at constant exchange rates. The company said in a statement that sales in the second quarter were down 41 percent at current exchange and 42 percent at constant exchange rates, reflect the impacts of the health crisis on the network. Net income reached 335 million euros (394 million dollars), 13.5 percent of sales.