In a research note, Barclays analyst Viktoria Petrova has maintained his recommendation on the stock with a Neutral rating. The target price is reduced from EUR 2310 to EUR 1700.
Hermès International specializes in the design, manufacturing, and marketing of luxury products. Net sales break down by family of products as follows:
- leather and saddlery goods (44.2%): purses, luggage, small leather goods, planners, writing items, saddles, bridles, riding objects and clothing, etc.;
- clothes, shoes, and accessories (28.3%);
- silk and textile products (6%);
- clock and watchmaking articles (3.4%);
- perfumes and beauty products (3.1%);
- other (15%): mainly jewelry and home decoration products.
At the end of 2025, the group had a network of 294 stores worldwide.
Net sales are distributed geographically as follows: France (9.8%), Europe (14.8%), Japan (9.9%), Asia/Pacific (41.9%), Americas (19.2%) and Middle East (4.4%).
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