French luxury group Hermes reported fourth-quarter results well above analyst expectations on Friday, showing robust appetite from wealthy consumers for its most expensive items including Birkin bags,

Hermes on Friday reported a better-than-expected jump in fourth quarter sales, proving still strong demand for the most exclusive products in an otherwise turbulent luxury market. The maker of the Birkin handbag posted a 17.

The French luxury group reported better-than-expected sales on Friday, pushing its market cap above 300 billion euros for the first time.

The maker of the Birkin bag reported higher sales, adding to signs of a potential rebound in demand for luxury goods.