The French luxury giant Hermesmanufacturer of the iconic Birkin bagshad revenue of 4.13 billion euros in the first quarter of 2025, 7.2% higher than last year in the concept of constant exchange rates, according to balance released on Thursday (17). The result, however, was slightly below the forecast of 4.14 billion euros analysts, according to a survey by Visible Alpha.
In addition, sales grew at a much slower pace than in the previous quarter, when the group recorded 18% in revenue.
This week, competitor LVMH also disappointed with her last balance of sales.
After strong performance at the end of 2024, driven by the resumption of demand in the US, the luxury sector was already expected to have a weaker beginning of the year.
There are also fears that uncertainties about the global economy and the Trump government’s erratic tariff policy can affect consumer confidence and the demand for luxury goods.
