Hermès tactic to ensure that there is only a limited supply of sought-after products such as the Birkin and Kelly bags has helped the company to cope with the luxury goods industry's decline better than, for example, Gucci and the luxury brand conglomerate LVMH, with brands such as Louis Vuitton.
During the first quarter of the year, Hermès operating result increased to 3.33 billion euro, which exceeded expectations.
The Hermès share fell by around 3 percent during early trading in Paris. Before Wednesday, the share had risen by 2.4 percent, which can be compared to a decline of more than 25 percent for the LVMH share.
In April this year, Hermès took over the position as France's highest valued company from LVMH.
