Hermes announces admirable business results in 2022

Hermes announces admirable business results in 2022

In 2021, the Hermès Group’s consolidated revenue stands at €8,982 billion, up 42% at fixed exchange rates and 41% at current exchange rates compared to 2020. With the previous two years, growth This amounted to 33% at fixed exchange rates, in the first and second half of the year. Recurring operating income grew 78% to €3,530 billion (39.3% of revenue). Net profit (shares of the Group) reached €2,445 billion, an increase of 77% compared to 2020.

Hermes announces admirable business results in 2022

“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.

In 2021, Hermès continues to selectively grow its distribution network and increase its online sales 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.

Asia, excluding Japan, (+45% and +65% compared to two years ago) pursued strong growth, especially thanks to solid business results in China, Australia and Singapore, despite the new restrictions in some countries in the region. Stores at Shanghai Plaza 66, Suzhou and Ningbo have reopened after renovations and expansions, following the reopening of stores at Beijing China World in the spring, and many new stores opening. opened in Macao and Shenzhen. In Australia, the store in Brisbane has also reopened after being renovated.

Japan (+25% and +20% compared to two years ago) showed steady and steady revenue growth thanks to the loyalty of domestic customers, while benefiting from the end of the situation. medical emergency in October. A new store opened in February on Omotesando Avenue and the Shinjuku Isetan store in Tokyo underwent renovations after an expansion in November.

The US (+57% and +24% compared to two years ago) posted impressive business results, despite health restrictions in some cities in the fourth quarter. Two new stores opened in Troy near Detroit in June and at Aventura Mall near Miami in October.

Europe excluding France (+37% and +10% compared to two years ago) recorded strong growth in the second half of the year, with remarkable growth in customer base in the region, somewhat compensate for the drop in tourist arrivals. Several stores have been renovated and expanded, including the Zurich store in May, the Milan store in July, the Istanbul store in October, and the Luxembourg store moved to a new location in October. one.

France (+35% and -3% compared to two years ago) confirmed its recovery, as the fourth quarter saw fewer customers visiting the Paris stores. The stores at Lyon and Rue de Sèvres in Paris reopened in February and March after renovations and expansions.

As of the end of December 2021, all categories have confirmed growth, with notable increases in Apparel and Accessories, Watches and other Hermès categories (Jewelry and Housewares). .

In Leather and Yen Cuong (+29% and +23% compared to two years ago), sales recorded at a remarkable level. After a strong acceleration in the first nine months of the year, fourth-quarter sales came in line with expectations for production capacity limits.

Demand for new bags such as the Della Carvalleria and the 24/24 and classic Hermès bags is steady. The increase in production capacity is maintained, with the opening of the Louviers (Eure) workshop in 2022, the Sormonne (Ardennes) workshop in 2023 and a new workshop in Riom (Puy-de-Dôme) expected in 2024. Hermès continues to strengthen its brand presence in France and create new jobs.

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