Hermes International S.C.A.

Hermes International is engaged in the manufacture, sale, and distribution of luxury goods primarily in France, rest of Europe, Japan, Asia-Pacific, and Americas. Co.'s activities can be divided into two segments: the distribution via Co.'s exclusive network and the distribution via specialist outlets. The distribution via Co.'s exclusive network comprises silks and textiles, leather goods and saddlery, ready-to-wear and fashion accessories (men and women's clothing, belts, jewellery accessories, gloves, hats and shoes), and other goods (jewellery and products of the art of living department). The distribution via specialist outlets comprise perfumes, tableware and watches.
  • TickerRMS
  • ISINFR0000052292
  • ExchangeEuronext Paris
  • SectorPersonal Goods
  • CountryFrance

Analysts

Ng Adrian

Hermès International Société en commandite par actions

Loic Morvan

HERMÈS INTL.: 2019 sales growth slightly revised up | NEUTRAL | EUR565 vs. EUR555 (-11%)

HERMÈS INTL. - NEUTRAL | EUR565 vs. EUR555 (-11%) 2019 sales growth slightly revised up Acceleration in APAC in Q3 Leather goods business, but not only... 2019 sales growth slight revised up! FV from EUR555 to EUR565

1 director bought

A director at Hermes International bought 500 shares at 643.600EUR and the significance rating of the trade was 84/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of...

Ng Adrian

Hermès International Société en commandite par actions

Loic Morvan

HERMÈS INTL.: 2019 sales growth slightly revised up | NEUTRAL | EUR565 vs. EUR555 (-11%)

HERMÈS INTL. - NEUTRAL | EUR565 vs. EUR555 (-11%) 2019 sales growth slightly revised up Acceleration in APAC in Q3 Leather goods business, but not only... 2019 sales growth slight revised up! FV from EUR555 to EUR565

Loic Morvan

HERMÈS INTL.: Still dynamic trend in APAC recently | NEUTRAL | EUR555(-13%)

HERMÈS INTL. - NEUTRAL | EUR555(-13%) Still dynamic trend in APAC recently H1 sales up 12% Stable H1 EBIT margin despite negative FX impact Slight sales slowdown expected in H2 due to leather goods Neutral recommendation reiterated

Ng Adrian

Hermes International

Ng Adrian

Hermes International

1 director bought

A director at Hermes International bought 500 shares at 643.600EUR and the significance rating of the trade was 84/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of...

Alex Koagne ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Charles Lepetitpas
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Léopold Authié
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Corby
  • Samantha Jeary
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/08/2018

A few weeks after the French government officially mandated advisers to work on EDF’s “architecture”, we provide an update on the main scenarios and their financial consequences. Our status-quo approach gives a valuation of between € 18.0 (+20%) and € 19.2 (+28%), depending on the outcome of the Multiannual Energy Plan (MEP). Under alternative scenarios, with total regulation of the nuclear sector or segregation of nuclear power, our valuation ranges from € 22.5 (+50%) to € 24.0 (+71%...

Alex Koagne ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Charles Lepetitpas
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Léopold Authié
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Corby
  • Roland Pfaender
  • Samantha Jeary
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/11/2018

Quelques semaines après que l’Etat ait officiellement mandaté des conseils pour travailler sur « l’architecture d’EDF », nous revenons sur les principales hypothèses d’évolution et leurs conséquences financières. Notre approche statu quo nous amène à une valorisation du titre entre 18.0 € (+20%) et 19.2 € (+28%), en fonction de la PPE, tandis que les hypothèses alternatives, avec régulation totale du nucléaire ou sanctuarisation du nucléaire, la porterait entre 22.5 € (+50%) et 24.0 €...

Alex Koagne ...
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Léopold Authié
  • Nicolas Kieffer
  • Stephane Houri
  • Steven Gould
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/13/2018

...

Alex Koagne ...
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Léopold Authié
  • Nicolas Kieffer
  • Stephane Houri
  • Steven Gould
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 13/09/2018

...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Bruno Cavalier
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Harald Eggeling
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas Kieffer
  • Nicolas David
  • Olivier Lebrun
  • Oussema Denguir
  • Pierre Corby
  • Rémi Adam, CFA
  • Salma Bouraoui
  • Stephane Houri
  • Steven Gould
  • Veysel Taze
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/23/2018

...

HERMES INTERNATIONAL sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of HERMES INTERNATIONAL (FR), active in the Clothing & Accessories industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date August 6, 2019, the closing price was EUR 600.80 and its target price was estimated at EUR 569.17.

Ng Adrian

Hermes International

Ng Adrian

Hermes International

Ng Adrian

Hermes International

Ng Adrian

Hermes International

MarketLine Department

The Swatch Group Ltd - Strategy, SWOT and Corporate Finance Report

Summary The Swatch Group Ltd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights The Swatch Group Ltd (Swatch or 'the group') is a manufacturer and distributor of watches, jewelry and electronic components. It is also involved in sports timing activities. Swatch markets its products under various brand names, such as Harry Winston, Breguet, Blancpain, Jaquet Droz, Gl...

Loic Morvan

SECTOR | Luxury Goods | Slowdown Likely but no Break in the Trend

• The high growth trend also enabled most groups (at least the “best in class”) to deliver improved profitability levels over the half year thanks to operating leverage and, for some groups, to hedging gains that offset the negative EUR/USD impact on sales (-8% on average).

Jehanne Leroy

Hermès - Assemblée générale des actionnaires du 04 juin 2019

GouvernanceLa société propose le renouvellement de 3 administrateurs et la nomination de 2 administrateurs indépendants. Parmi les renouvellements proposés figure celui de Julie Guerrand. Selon la politique de vote de Proxinvest, en cas de conseil ne comprenant pas une majorité de membres indépendants, Proxinvest soutient 1 représentant pour chacun des 3 principaux actionnaires. En l'occurrence, le représentant le plus légitime de H51, le premier actionnaire, est sa Présidente, Julie Guerrand. Nous soutenons donc son renouvellement, mais pas celui de M. Bauer. Concernant Mme Sénéquier, bien qu...

Expert Corporate Governance Service (ECGS)

Hermes International - AGM and EGM 04 June 2019

ITEM 10: Although the board does not comprise a majority of independent members, Julie Guerrand is the most legitimate representative of the main shareholder as she is its Chairman. Thus, we recommend approval.  ITEMS 7 and 8: Axel Dumas’ additional remuneration is indexed to the Group’s revenue, but only in an upward direction. If the company underperforms, executive will not be impacted. This is not acceptable. Moreover, Emile Hermès SARL’s total remuneration reached €9.6 M in 2018, which widely exceeds the median CAC 40 executives and represents 458 times the French minimum wage (SMIC), wh...

Hermès International – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jehanne Leroy

Proxy Report - 05/06/2018

ITEMS 9 to 12: The company proposes to re-elect to the Supervisory Board Robert Peugeot. In addition to being the Chairman and CEO of FFP, a French listed company, he sits on the board of 4 listed companies that do not belong to his group (Safran, Sofina, DKSH and Hermès). This raises the issue of the availability of this director. On that matter, we note that in 2017, he attended only 71.7% of Board meetings. The other re-elections proposed are members of the founding family. As long as the board does not comprise a majority of independent members, these re-elections will not be supported.  ...

Jehanne Leroy

Proxy Report - 05/06/2018

La société propose le renouvellement de 4 administrateurs, dont celui de Robert Peugeot. Celui-ci est Président Directeur Général d'une société cotée (FFP) et siège aux conseils de 4 sociétés cotées n'appartenant pas au groupe FFP (Sofina, DKSH, Safran et Hermès), ce qui est excessif et pose un probleme de disponibilité du mandataire. On notera sur ce point d'ailleurs qu'en 2017, il n'a assisté qu'à 71% des réunions du conseil d'Hermès. Les autres renouvellements proposés concernent des membres du conseil de surveillance liée à la famille actionnaire fondatrice. Cependant, tant que le conseil ...

Matthieu DRIOL

Analyse court terme - HERMES INTERNATIONAL : Les prix baissent.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 482,20 €. La tendance baissière serait remise en cause au-dessus de 572,80 €.

Matthieu DRIOL

Short term view - HERMES INTERNATIONAL : Falling prices.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €482.20. The bearish trend would be challenged above €572.80.

Matthieu DRIOL

Analyse court terme - HERMES INTERNATIONAL : La tendance est baissière.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 482,20 €. La tendance baissière serait remise en cause au-dessus de 572,80 €.

Matthieu DRIOL

Short term view - HERMES INTERNATIONAL : The trend is bearish.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €482.20. The bearish trend would be challenged above €572.80.

Matthieu DRIOL

Analyse moyen terme - HERMES INTERNATIONAL : La baisse récente gagne en vigueur.

La tendance est haussière. La baisse récente gagne en vigueur. Le prochain support est à 457,56 €. La tendance serait remise en cause par la rupture de 411,35 €.

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