Hermes International : 2021 half year results presentation
July 30, 2021 at 02:29 am EDT
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THE HUMAN AT THE CORE OF A SOLID AND DYNAMIC ARTISANAL MODEL
The human at the core, source of creativity and constant innovation
A responsible and committed approach towards our employees, customers and partners
Vertical integration and transmission of exceptional know-how
The requirement for absolute quality at all stages for sustainable creation of value
A multi-local dynamic, close to our customers
HERMÈS 2021 HALF YEAR RESULTS / 2
ACTIVITY
Revenue in the first half 2021 reached 4.2 billion euros, up 77% compared to 2020 at constant exchange rates
This increase reached 33% at constant rates compared to 2019, both in the first and second quarter
Activity in the group's stores is up 81% at constant exchange rates, and 41% over two years, with a remarkable performance in Asia, an acceleration in America and a recovery in Europe
HERMÈS 2021 HALF YEAR RESULTS / 4
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Hermès International SA published this content on 30 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2021 06:28:02 UTC.
Hermès International specializes in the design, manufacturing, and marketing of luxury products. Net sales break down by family of products as follows:
- leather and saddlery goods (41.3%): purses, luggage, small leather goods, planners, writing items, saddles, bridles, riding objects and clothing, etc.;
- clothes, shoes, and accessories (28.9%);
- silk and textile products (6.9%);
- clock and watchmaking articles (4.6%);
- perfumes and beauty products (3.7%);
- other (14.6%): mainly jewelry and home decoration products.
At the end of 2023, the group had a network of 294 stores worldwide.
Net sales are distributed geographically as follows: France (9.5%), Europe (13.6%), Japan (9.4%), Asia/Pacific (46.7%), Americas (18.6%) and other (2.2%).