Hermes International SA

RMS

Equity

ISIN FR0000052292 / Valor 86689

Euronext - Euronext Paris (2026-07-31)

EUR 1,531.50-1.23%

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

Full‑year 2025 revenue: €16,002m (+8.9% at constant FX; +5.5% reported). Q4 2025 revenue: €4,087m (+9.8% at constant FX). Currency fluctuations represented a ~€515m negative impact on 2025 revenue.

Profitability

Recurring operating income: €6,569m (+7% vs. 2024); recurring operating margin: 41.0% (vs. 40.5%). Reported net profit (group share) €4,524m; adjusted for the exceptional contribution, net profit was €4.86bn (+5.5%). Basic EPS: €43.15.

Cash generation & balance sheet

Operating cash flow ~€5.4bn; adjusted free cash flow €3.9bn after €1.2bn of operational investments and €0.3bn lease repayments. Restated net cash position ~€12.8bn (net cash position €12.24bn). Dividends paid in 2025: €2.8bn; proposed dividend for 2025: €18.00 per share (including a €5 interim).

Geographic performance

Growth was broad‑based: Japan +14% (FY), Americas +12%, Europe ex‑France +11%, France +9%, Other (mainly Middle East) +15%. Asia‑Pacific ex‑Japan was +5% FY with a solid Q4. The distribution network continued qualitative expansion (store reopenings and extensions).

Performance by métier

Leather Goods & Saddlery strongest: +13% FY. Ready‑to‑wear & Accessories +6%; Silk & Textiles +5%. Perfume & Beauty declined (-8%) versus a strong 2024 comparator; Watches down slightly (-2%) but recovering in H2.

Workforce, sustainability & employee measures

Headcount at year‑end: 26,494 employees (+~1,300 y/y; 16,349 in France). Hermès announced a €120 gross monthly increase for employees in France and a €3,000 worldwide bonus for 2025. Progress on climate targets: scopes 1 & 2 emissions -69% (vs 2018) and scope 3 intensity -58%.

Outlook & governance

Management confirms an ambitious medium‑term revenue growth target at constant exchange rates despite uncertainties and enters 2026 with confidence. Audited 2025 financials and full consolidated statements to be published by 31 March 2026; Q1 2026 revenue scheduled for 15 April 2026.

Summarized from source with an LLMView Source

Key figures

-28.8%1Y

-24.1%3Y

18.8%5Y

Performance

31.1%1Y

27.1%3Y

29.1%5Y

Volatility