Hermes Q1 Sales Momentum Eases as Middle East Tension and China Slow Growth
Hermes reported first-quarter revenue of €4.07 billion, an organic increase of 5.6% year-on-year that fell short of analyst consensus and marked a marked slowdown from the prior quarter. The company said the Middle East conflict and softer demand in Asia-Pacific excluding Japan were primary drags, while the Americas delivered robust growth. Currenc…