Contribute Hermes Fashions , fuel growth amide production constraints

Hermes International SCA ( miu miu shoulder), the French. Manufacturer of Birkin bags, the sales of the latest collections of fashion, accessories and fragrances contributed to earnings growth in the first half , as it reiterated its outlook for 2013 Operating profit rose by 14 percent to € 584.1 million ( $ 773.6 million ), the Paris-based company said in a statement today , beating the € 569 million - the estimated median of seven estimates compiled by Bloomberg. The stock advanced as much as 3.6 percent , the . Since more than a month Fashion and perfumes driven sales in the period revenue growth pouch was limited by the production. To increase production , Hermes has also set about 200 artisans per year to about 2,200 skilled workers in leather goods division , the head of Guillaume de Seynes device . "The demand for Hermes products remains strong ," said the company's earnings . Annual percentage rate of sales this year could be close to 32.1 percent in 2012 to record for currency movements, while the sales growth 10 May exceed percent at constant exchange rates , repeated the maker of luxury. The company plans two production sites in France devoted to " craft activities ," he said today. Each of the new production , up to 250 craftsmen When fully staffed , said co -Chief Executive Officer Axel Dumas a press conference in Paris today . perfume sales miu miu shoulder bag The first half of the year rose to € 1.77 billion, an increase of 11 percent or 14 percent at constant exchange rates. Sales of perfumes won 20 percent at constant exchange rates, supported by the introduction of Day of Hermes perfume , ready - to-wear and accessories increased by 21 percent. Sales of leather goods and saddlery rose by 10 percent. The operating margin expanded to 33.1 percent , driven by the positive impact of hedges, Hermes said. The lower yen may affect the profitability next year, and the company will try to mitigate this with higher prices "moderate" in Japan, said Dumas . Hermes covers about 50 percent of its 2014 financial year hedges at this stage , said Chief Financial Officer Eric Halgouet . If the yen remains at 130 euros per unit of Hermes is Japanese import products made ​​in France at a cost of around 20 percent , and the company will not be able to pass on increases in full by the customer , he said. The Japanese unit in 2014 "This will have a negative impact on profitability have ," said the CFO. LVMH Stake The stock traded 2.7 percent higher at € 255.05 at 13:34 in Paris , bringing the gain this year to 13 percent. LVMH Moet Hennessy Louis Vuitton SA (MC ), the largest luxury goods company in the world, has its stake in Hermes to 23.1 percent from 22.6 percent in the first six months of 2013. Hermes has repeatedly called LVMH to reduce detention, he amassed from 2010 after the conversion of cash-settled equity swaps . Regulator of financial markets LVMH France fined € 8,000,000 in July for violating disclosure rules. LVMH wants to appeal the decision .Miu Miu Totes