PARIS – Hermès International reported third-quarter revenue growth of 4.3 percent at constant currency to 4.1 billion euros, amid strong demand for leather goods and continued momentum in the Americas and Europe, which offset stagnation in China.

That fell short of analysts’ expectations, which had consensus on growth in the third quarter hitting 5.2 percent.

The French luxury group’s performance marked a slowdown from the 9.6 percent growth recorded in the same period last year, underscoring the increasingly challenging environment facing luxury brands as demand across Asia remains subdued.

“Hermès continues to suffer a difficult trading environment overall,” said Bernstein analyst Luca Solca.

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