Hermes lifts dividend after profit rises

French luxury goods maker Hermes said on Wednesday that it would raise its dividend by 14 percent after it posted a 13 percent increase in 2015 net profit.

hermes.com

The maker of printed silk scarves and Kelly handbags said in a statement that its operating margin improved by 0.3 percentage points last year to 31.8 percent of sales.

Hermes reiterated that 2016 sales growth could be below its medium-term target of 8 percent at constant exchange rates “due to the economic, geopolitical and monetary uncertainties around the world”.

 

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