Financials Hermès International

Equities

Market Closed - Euronext Paris Other stock markets 11:35:35 2025-06-13 am EDT			5-day change	1st Jan Change
2,295.00 ^EUR	-1.71%		-1.08%	-1.16%

Jun. 13	Hermès: to build leather goods factory in Ardennes	CF
Jun. 10	Luxury bricks flow-back

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	6,390	8,982	11,602	13,427	15,170	16,655	18,390	20,350
Change	-	40.56%	29.17%	15.73%	12.98%	9.79%	10.42%	10.66%
EBITDA ¹	2,252	3,842	5,304	6,422	6,994	7,500	8,357	9,312
Change	-	70.57%	38.05%	21.08%	8.91%	7.23%	11.42%	11.43%
EBIT ¹	1,981	3,530	4,697	5,650	6,150	6,690	7,474	8,353
Change	-	78.16%	33.06%	20.29%	8.85%	8.78%	11.72%	11.76%
Interest Paid ¹	-86.1	-96	-62	190	283	-198.3	-231	-60
Earnings before Tax (EBT) ¹	1,986	3,435	4,635	5,840	6,432	6,959	7,711	8,647
Change	-	72.93%	34.93%	26%	10.14%	8.19%	10.81%	12.14%
Net income ¹	1,390	2,445	3,367	4,311	4,603	4,770	5,542	6,234
Change	-	75.9%	37.71%	28.04%	6.77%	3.64%	16.17%	12.48%
Announcement Date	2/19/21	2/18/22	2/17/23	2/9/24	2/14/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	1,506	982.5	1,800	2,100	2,084	2,151	2,367	2,380	2,765	2,710	3,136	2,991	3,380	3,318	3,365	3,364	3,805	3,699	3,704	3,962	4,129	3,906	3,977	4,219
Change	-	-34.74%	83.24%	16.65%	-0.78%	3.24%	10.03%	0.55%	16.18%	-1.99%	15.72%	-4.62%	13.01%	-1.83%	1.42%	-0.03%	13.11%	-2.79%	0.14%	6.97%	4.22%	-5.4%	1.82%	6.08%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,750	-	-	-	-	-	-	-	3,213	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	4/30/20	7/30/20	10/22/20	2/19/21	4/22/21	7/30/21	10/21/21	2/18/22	4/14/22	7/29/22	10/20/22	2/17/23	4/14/23	7/28/23	10/24/23	2/9/24	4/25/24	7/25/24	10/24/24	2/14/25	4/17/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	3,902	4,235	4,235	5,475	6,127	6,698	6,729	7,504	7,666	8,038	8,230
Change	-	8.53%	0%	29.28%	11.91%	9.32%	0.46%	11.52%	2.16%	4.85%	2.39%
EBITDA	-	-	-	2,591	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	1,446	1,722	1,722	2,304	2,393	2,947	2,703	3,148	3,002	3,249	3,213
Change	-	19.05%	0%	33.8%	3.86%	23.15%	-8.28%	16.46%	-4.64%	8.23%	-1.11%
Charge d'intérêts	-42.7	-	-49	-35	-27	75	-	-	-	-	-
Earnings before Tax (EBT) ¹	1,495	-	1,760	2,270	2,365	3,021	2,819	3,289	3,143	3,612	3,691
Change	-	-	-	28.96%	4.19%	27.74%	-6.69%	16.67%	-4.44%	14.92%	2.19%
Net income ¹	1,050	1,174	1,174	1,641	1,726	2,226	2,085	2,368	2,235	2,638	2,600
Change	-	11.77%	0%	39.78%	5.18%	28.97%	-6.33%	13.57%	-5.62%	18.03%	-1.44%
Announcement Date	2/19/21	7/30/21	2/18/22	7/29/22	2/17/23	7/28/23	2/9/24	7/25/24	2/14/25	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-4,717	-6,671	-9,188	-8,565	-9,468	-12,415	-14,929	-17,730
Change	-	-41.42%	-37.73%	6.78%	-10.54%	-31.13%	-20.25%	-18.76%
Announcement Date	2/19/21	2/18/22	2/17/23	2/9/24	2/14/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	448.4	532	518	859	1,067	920.4	999.5	1,055
Change	-	18.64%	-2.63%	65.83%	24.21%	-13.74%	8.59%	5.55%
Free Cash Flow (FCF) ¹	1,194	2,873	3,666	3,469	4,072	4,296	5,190	5,919
Change	-	140.62%	27.6%	-5.37%	17.38%	5.5%	20.82%	14.04%
Announcement Date	2/19/21	2/18/22	2/17/23	2/9/24	2/14/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	35.25%	42.77%	45.72%	47.83%	46.1%	45.03%	45.44%	45.76%
EBIT Margin (%)	31.01%	39.3%	40.48%	42.08%	40.54%	40.17%	40.64%	41.04%
EBT Margin (%)	31.09%	38.24%	39.95%	43.49%	42.4%	41.78%	41.93%	42.49%
Net margin (%)	21.75%	27.22%	29.02%	32.11%	30.34%	28.64%	30.14%	30.63%
FCF margin (%)	18.69%	31.99%	31.6%	25.84%	26.84%	25.79%	28.22%	29.09%
FCF / Net Income (%)	85.9%	117.51%	108.88%	80.47%	88.46%	90.05%	93.66%	94.96%
Profitability
ROA	13.24%	19.64%	21.51%	22.75%	21.15%	19.54%	19.92%	19.72%
ROE	19.86%	29.14%	30.83%	31.19%	28.3%	25.52%	26.23%	25.28%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	7.02%	5.92%	4.46%	6.4%	7.03%	5.53%	5.43%	5.18%
CAPEX / EBITDA (%)	19.91%	13.85%	9.77%	13.38%	15.26%	12.27%	11.96%	11.33%
CAPEX / FCF (%)	37.55%	18.52%	14.13%	24.76%	26.2%	21.43%	19.26%	17.82%
Items per share
Cash flow per share ¹	15.66	32.45	39.87	41.28	48.98	52.33	57.81	64.23
Change	-	107.2%	22.88%	3.53%	18.65%	6.85%	10.47%	11.11%
Dividend per Share ¹	4.55	8	13	25	-	19.74	24.41	26.88
Change	-	75.82%	62.5%	92.31%	-	-	23.65%	10.13%
Book Value Per Share ¹	69.91	89.04	119	145.1	165.1	183.8	216.1	253.8
Change	-	27.37%	33.65%	21.97%	13.78%	11.28%	17.59%	17.47%
EPS ¹	13.21	23.3	32.09	41.12	43.87	45.31	52.73	59.2
Change	-	76.38%	37.73%	28.14%	6.69%	3.28%	16.36%	12.28%
Nbr of stocks (in thousands)	104,601	104,644	104,536	104,539	104,731	104,864	104,864	104,864
Announcement Date	2/19/21	2/18/22	2/17/23	2/9/24	2/14/25	-	-	-