Hermes International sales rise as Paris stores seek to bounce back

Hermes International has reported first-quarter leather-goods sales that beat analysts’ estimates as the French luxury company boosted purse production and the aftershock of November’s Paris terror attacks eased.

Revenue reached €1.19bn, matching the median analyst estimate. Sales rose 6.2%, excluding currency fluctuations. The shares gained up to 2.7% in Paris.

“The biggest and most profitable luxury-goods division saved the day,” wrote Rogerio Fujimori, an analyst at RBC Capital Markets.