Handbag maker Hermes, one of the luxury brands still riding high on strong demand from Asian clients, said today it had not observed any change in sales trends so far this year.
"There is no trend change at this stage," chief executive Axel Dumas told journalists after posting full year results.
The CEO said that Hermes "remained cautious" for 2019 but was confident about its prospects.
The French label, known for its squared silk scarves and Birkin handbags that sell for more than $10,000, posted a 15% rise in net profit for 2018, to €1.4 billion.
Its operating income rose 6% to €2 billion, with margins reaching 34.3% of its sales in 2018.
While this marked a slight dip from the record reached a year earlier, the margin remains one of the highest in the industry.