Despite the post-covid-19 uncertainty hermès aims to grow revenue at a fixed exchange rate

Despite the post-covid-19 uncertainty hermès aims to grow revenue at a fixed exchange rate

In 2021, the Hermès Group’s consolidated revenue reached EUR 8,982 billion, an increase of 42% at fixed exchange rates and 41% at current exchange rates compared to 2020.

Despite the post-covid-19 uncertainty hermès aims to grow revenue at a fixed exchange rate

Axel Dumas, President of Hermès, said : “I appreciate all the enthusiasm and quality of work our team has shown, because together we have made 2021 a memorable one. Abundant creativity, unique craft know-how and superb quality materials have fueled the growth of our sixteen categories.

Hermès is deeply committed to being a committed, responsible company and continues with its commitment to creating new jobs worldwide and creating the region in France, while reinforcing its environmental goals. his ambitious school.”

Asia and the US recorded the highest growth, compared to 2020 as well as 2019, and Europe returned to the growth trend compared to 2019. Revenue at the Group’s stores increased by 44% in exchange rate fixed exchange rate compared to 2020 and increased by 41% within two years.

Hermès continues to selectively grow its distribution network and online sales increase worldwide, with the launch of new services and a steady increase in customer traffic. Wholesale activities (+24%) increased despite trade barriers faced by the retail industry.

For 2022, the impacts of the COVID-19 pandemic are still difficult to assess. The highly integrated handcrafted model, balanced distribution network as well as the creativity expressed through the collections and the loyalty of customers will help the brand to confidently look to the future.

Over the medium term, despite global economic, geopolitical and monetary uncertainties, the Group affirms its ambitious target of fixed exchange rate revenue growth. “Lighthearted” will be the theme of 2022. There is never a shortage of depth, that is the source of Hermès’ creativity, nurturing positive and strong thinking.

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