Hermes International SA

RMS

Equity

ISIN FR0000052292 / Valor 86689

Euronext - Euronext Paris (2024-09-17)

EUR 1,926.00+1.58%

Hermes International SA
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About company

Hermès International SA, established in 1837, is a renowned French luxury goods manufacturer known for its commitment to craftsmanship and high-quality materials. The company operates in the luxury sector, producing a wide range of products including leather goods, lifestyle accessories, home furnishings, perfumery, jewelry, watches, and ready-to-wear. With a strong foundation in artisanal tradition and humanist values, Hermès emphasizes the importance of creativity, innovation, and the transmission of exceptional know-how in the creation of its products. The company maintains a significant portion of its production in France across 54 manufacturing sites, while also boasting a global distribution network with 300 stores in 45 countries. This network is designed to offer a unique shopping experience that blends Hermès' identity with local culture, ensuring a personalized approach to customer service. As a family-owned, independent company, Hermès has successfully preserved its entrepreneurial spirit and artisanal heritage through six generations, positioning itself as a leader in the luxury market.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Growth

Hermes International SA reported a revenue of €13,427 million for the full year of 2023, reflecting a growth of 15.7% at current exchange rates and 20.6% at constant exchange rates. This robust performance was driven by strong sales across all regions and product categories.

Net Income

For the full year of 2023, Hermes International SA achieved a net income attributable to owners of the parent of €4,311 million, up from €3,367 million in 2022. This significant increase underscores the company's effective cost management and operational efficiency.

Operating Income

Hermes International SA's recurring operating income for 2023 was €5,650 million, compared to €4,697 million in 2022. The operating margin improved, reflecting the company's ability to maintain high profitability despite a challenging economic environment.

Cash Flow

In 2023, Hermes International SA generated operating cash flows of €5,123 million, an increase from €4,111 million in 2022. This strong cash flow performance highlights the company's solid financial health and its ability to fund future growth initiatives.

Dividends

Hermes International SA paid dividends amounting to €1,376 million in 2023, up from €852 million in 2022. This increase in dividend payments reflects the company's commitment to returning value to its shareholders while maintaining a strong balance sheet.

Summarized from source with an LLMView Source

Key figures

1.18%1Y

50.8%3Y

205%5Y

Performance

22.3%1Y

29.0%3Y

27.4%5Y

Volatility