Hermes Q1 revenue €4.07bn, up 5.6% organic YoY, missed 7.1% consensus and €4.16bn analyst forecast.\\nShares plunged >12% in Paris, erasing over $20bn market value, due to China weakness and Iran war impact.\\nAPAC ex‑Japan sales grew only 2.2% versus 5.7% expected, while Americas surged 17.2% and Middle‑East conflict cut growth by ~150 bps.\\nCompany reaffirmed medium‑term sales‑growth guidance at constant exchange rates despite uncertain economic and geopolitical backdrop.