But it stressed that sales in its Asia Pacific division, which excludes Japan, were still increasing sharply and that it was sticking to a full-year consolidated sales growth target of 10 per cent.

Overall sales in the quarter to June rose 13.4 per cent to €814.5m at constant exchange rates. Sales increased in all regions and countries, except Japan, though the rate of growth slowed slightly in France, Europe and the Americas.

In its Asia-Pacific business, which is dominated by China, Singapore and Hong Kong, sales rose 26.9 per cent to €258.8m. Shares in Hermès rose about 3 per cent to €236.20 in Paris trading.

Rémy shares rose more than 5 per cent to €92.72. It said it had been supported by “good market conditions” in the first half of the year but was “closely monitoring” the economy, particularly in Europe.

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