Key Developments: Hermes International SCA (HESAF.PK)
343.82USD
6 Jun 2013
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$356.00
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Latest Key Developments (Source: Significant Developments)
Hermes International SCA Acquires Majority Stake in Joseph Erard-L'AGEFI Quotidien
L'AGEFI Quotidien reported that Hermes International SCA, via its La Montre Hermes unit, has increased its stake in Joseph Erard Holding and now has a majority in the firm. It did not disclose terms of the transaction. Joseph Erard makes high-end watch cases. Full Article
Hermes International SCA to Propose FY 2012 Dividend
Hermes International SCA announced that it has decided to propose the fiscal year 2012 dividend of EUR 0.50 per share. Accordingly, the Company announced that the interim dividend of EUR 1.50 paid on March 1, 2013 will be deducted from the fiscal year 2012 dividend to be approved by the General Meeting. The fiscal year 2011 dividend was EUR 2.00. Full Article
Hermes International SCA Raises FY 2012 Operating Margin Guidance and Announces Interim Dividend Payment
Reuters reported that Hermes International SCA has raised its operating margin guidance for full year 2012, which is now expected to be slightly above the all-time high achieved in 2011. The full year 2011 margin reached 31.2% of sales. The Company also announced that it will pay an interim dividend of EUR 1.5 per share on March 1, 2013. Full Article
Hermes International SCA Acquires d'Annonay Tannery-Reuters
Reuters reported that Hermes International SCA is taking over d'Annonay tannery, one of its providers of calf leather. The Company said it had acquired the d'Annonay business in the Rhone Valley from its 80 staff for an undisclosed amount. Full Article
Hermes International SCA Raises FY 2012 Sales Guidance
Hermes International SCA announced that, given the sales achieved in the first half of the year, the target for full year 2012 annual growth in consolidated sales at constant exchange rates could exceed 13 %. The full year 2012 current operating margin, expressed as a percentage of sales, should be somewhere between the 2010 figure and the level reached in 2011. The Company reported full year 2011 sales of EUR 2,841.2 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report full year 2012 sales of EUR 3,326.7 million. Full Article
LVMH Moet Hennessy Louis Vuitton SA To File Counter Complaint Against Hermes International SCA-Reuters
Reuters reported that LVMH Moet Hennessy Louis Vuitton SA stated that the terms of its entry into the capital of Hermes International SCA were "perfectly regular" and that it would file a counter complaint against Hermes International SCA. LVMH said in the statement that it planned to file a complaint for "blackmail, slander, and illegal competition." Full Article
Hermes International SCA Files Complaint Against LVMH Moet Hennessy Louis Vuitton SA-Reuters
Reuters reported that Hermes International SCA filed a complaint on July 10, 2012 against LVMH Moet Hennessy Louis Vuitton SA over LVMH's building of a stake of over 20% in Hermes International SCA. Full Article
Hermes International SCA Raises FY 2012 Sales Guidance
Hermes International SCA announced that, given the sales achieved in the first half of the year, the target for full year 2012 annual growth in consolidated sales at constant exchange rates could be around 12 %. The full year 2012 current operating margin, expressed as a percentage of sales, should be somewhere between the 2010 figure and the level reached in 2011. The Company reported full year 2011 sales of EUR 2,841.2 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report full year 2012 sales of EUR 3,326.7 million. Full Article
Hermes International SCA Confirms FY 2012 Guidance
Hermes International SCA announced that given the sales performance in the first half, the group stands by its target for consolidated revenue growth of 10% over the full year 2012 at constant exchange rates. The underlying operating margin is expected to be between 2010 and the all-time high achieved in 2011. Full Article
Hermes International SCA Announces Share Buyback Program
Hermes International SCA announced the main features of a share buyback program authorized by the annual general meeting of May 29, 2012. The Company will be able to buy back up to 10% of its capital at a maximum purchase price of EUR 400 per share. As of May 31, 2012, the Company already held 1,477,927 of its shares representing 1.40% of its share capital. The program will last for 18 months as from May 29, 2012, i.e. up to November 28, 2013 at the latest. Full Article
CORRECTED-Meet the artisans: LVMH fires new shot in luxury marketing war
(Corrects 12th paragraph to say Hermes event already visited Shanghai and Munich)
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