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7/29/2026
Eric
Chief Financial Officer
and clientele. So I see really the same tendency. After you've got one of the medallists that you don't expect, you have that. But I see for the last year and going forward the same tendency, which at plus 7% is good, in my modest opinion.
Hermès Investor Relations
Director of Investor Relations
So regarding the trends for the second half of the year, for the time being, we do not observe any change in trends in America, United States, in Japan, or in Korea and Europe. So the question remains on France, but as we mentioned, there is an improvement in Q2 versus Q1. And the question is also on the Middle East, where nobody can predict what will happen. And regarding your question on Asia-Pacific, Between Q2 and Q1, the trends are quite the same. As we mentioned before, Greater China is still growing in Q2. Korea is pulling the growth, while the situation in Thailand, for instance, is a bit more difficult. Those are the main trends.
Eric
Chief Financial Officer
We are fortunate enough in Q1 in Greater China to have a great Chinese New Year, which helps us also a lot.
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