Hermès reported 13.3% organic sales growth in the second quarter on Thursday, as demand for the luxury group's handbags remains resilient, even as buyers with less purchasing power scale back their spending.

"In a more difficult context, all regions continued to enjoy remarkable momentum, with the exception of Asia due to a downturn in traffic in Greater China," the group said in a press release.

The French group's quarterly sales rose by 13.3% at constant exchange rates, to 3.70 billion euros.

This figure is almost in line with analysts' expectations, who were counting on a 13% increase, according to the Visible Alpha consensus.

For the medium term, the Group "confirms an ambitious sales growth target at constant exchange rates", despite, it says, economic, geopolitical and monetary uncertainties around the world.

(Written by Kate Entringer)