STRONG GROWTH IN SALES AND RESULTS
Sales of €4,841 million, up by 18% and 8% at constant exchange rates. Recurring operating income amounts to €1,541 million (31.8% of sales), up by 19%. Net profitability reached 20% of sales in 2015.
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Sales by region and by Sector (at comparable exchange rates unless otherwise indicated)
- Over 2015, all the regions posted growth Japan (+18%), Asia excluding Japan (+5%) improved thanks to sales development in China, despite a difficult context in Hong Kong and Macao. America (+7%) pursued its growth. Europe (+9%) performed well in the Group's stores, particularly in Bond Street store in London and the Gum store in Moscow. France (+6%) fared remarkably well, despite the negative impact of year-end events.
- The sectors confirmed their development thanks to ambitious creations. Growth in Leather Goods and Saddlery (+13%), Ready-to-wear and Accessories division (+8%) with dynamic fashion accessories sector, particularly shoes. The Silk and Textiles business line (-1%), which was hard hit by the year-end events in France, suffered from a slowdown of sales in Greater China but continued to develop in the other. The Perfumes division (+3%) pursued its development thanks to the success of Terre d'Hermès and the new additions to the Jardins and Hermessences collections. Watches, which remained stable, continue to be penalized by wholesale business in a still challenging market, particularly in Asia excluding Japan. Other Hermès business lines posted solid growth (+9%), due largely to the success of Gold Jewellery and development in products for the home.