Shares in Hermès International (EU:RMS) climbed 5.17% on Thursday, 6 August, closing at €1,626 and extending their recovery from the more than three-year low of €1,465.50 reached on 29 July.
The luxury goods maker was the strongest performer on France’s CAC 40 index, with its rebound helping to lift the benchmark to a record closing high of 8,699 points.
Positive Broker Commentary Lifts Luxury Stocks
The advance came as the wider European luxury sector benefited from an upbeat research note issued by Berenberg. The broker highlighted an encouraging improvement in second-quarter growth across the sector, while acknowledging that longer-term structural challenges remain.
The positive sentiment also supported shares in Kering, LVMH, Christian Dior and Swatch, as investors responded to signs of improving trading conditions for luxury brands.
China and Currency Headwinds Remain
Despite the recent recovery, Hermès continues to face several challenges. Slower growth in the Chinese market and adverse foreign exchange movements remain key factors limiting short-term earnings visibility and continue to weigh on investor expectations.
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