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HERMS SALES INCREASE.(Herms International S.A.)
WWD
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February 9, 2006|
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COPYRIGHT 2006 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Byline: Miles Socha
PARIS - Herms International posted a strong finish to 2005, even if its 8 percent gain in fourth-quarter sales, to 437.1 million euros, or $520 million, was behind the double-digit pace of many of its luxury peers.
The results were also a nose shy of analysts' expectations, sending shares of Herms down 0.1 percent on Wednesday to close at 209 euros, or $249.64, on the Paris Bourse.
On the plus side, "excellent" consumer reaction to the scent Un Jardin sur le Nil lifted sales of the perfume category by 12.5 percent for the full ...
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