French luxury group Hermes reported strong results for the first quarter of 2024, beating analysts' expectations amid high demand from Asia.
Total sales, adjusted for exchange rate fluctuations, rose by 17% to €3.8 billion ($4.1 billion), the company announced in Paris on Thursday.
Hermes' leather goods, accessories and jewellery performed particularly well.
Demand for the brand's signature Kelly and Birkin bags also remained robust amid a difficult period for the luxury goods sector.
Shares in Hermes' competitor Kering were down 7% on Wednesday after a profit warning amid concerns about declining demand for its Gucci brand.
