Hermès posts rise profits for 2018

The Hermès Group’s consolidated revenue for 2018 amounted to 5,966 million euros (6,814 million dollars), up 10.4 percent at constant exchange and 7.5 percent at current exchange rates, while the company said, recurring operating income increased 6 percent to 2,045 million euros (2,335 million dollars) or 34.3 percent of sales. Net profit for the year increased 15 percent to 1,405 million euros (1,604 million dollars).