Hermes Posts Upbeat Sales, Lifts Operating Margin Forecast

Hermes International SCA

reported better-than-expected full-year sales. The company also lifted its 2012 operating margin forecast. Hermes' sales for the period surged 22.6% to EUR3.48 billion ($4.66 billion) versus EUR2.84 billion, compared to analysts' estimates of EUR3.42 billion.