* CEO "confident" and optimistic" for Q4
* Cautious estimate of 10 percent growth in 2012
ZURICH Dec 5 French luxury goods group
Hermes expects sales growth of 10 percent next year,
with trends in the current quarter broadly in line with the rest
of the year, its chief executive told a Swiss newspaper in an
interview published on Monday.
"For 2012 we can bank on, being cautious, growth of 10
percent, as long as there is no major recession in the world,"
Patrick Thomas told Le Temps.
Last month, Hermes raised its full-year sales forecast to
between 15 and 16 percent, reflecting strong demand in Asia,
Europe and America, up from a previous forecast of 12 to 14
Thomas said he was "optimistic" and "confident" for the
fourth quarter. "In general, everything is going along very well
for us on the same basis," he said.
Thomas said consumers tended to favour strong brands such as
Hermes in times of economic uncertainty as they regarded such
products as long-term investments they can pass on to their
Shares in Hermes were down 2.4 percent by 1119 GMT,
underperforming a flat European personal and household goods
(Reporting by Caroline Copley; Editing by Astrid Wendlandt and