Sales reached €7.5 billion in the first six months of 2024, up 12% from the period last year at current exchange rates.

Net profit rose 6.4% to €2.4 billion.

“The solid first-half results, in a more complex economic and geopolitical context, reflect the strength of Hermes’ model,” executive chairman Axel Dumas said in a statement.

Louis Vuitton and Dior owner LVMH, the world’s biggest luxury group, said earlier this week that its net profit slid 14% to €7.3 billion in the first half.

Another major French group, Gucci owner Kering, said Wednesday that its half-year net profit fell by half and warned that operating earnings for the second half of the year would be down around 30%.

British brand Burberry and Cartier owner Richemont both reported last week sharp drops in sales in China.