Hermes International SCA ( (HESAF) ) has released its Q4 earnings. Here is a breakdown of the information Hermes International SCA presented to its investors.
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Hermès International SCA is a luxury goods company based in France, renowned for its craftsmanship in leather goods, fashion, and accessories. The company operates in the high-end retail sector, emphasizing quality and creativity.
Hermès has reported impressive financial results for 2024, with a 15% increase in revenue at constant exchange rates, amounting to €15.2 billion. The company also achieved a recurring operating income of €6.2 billion, representing 40.5% of sales, and a net profit of €4.6 billion.
The company showed strong growth across all geographical regions, with the Americas and Japan experiencing especially robust increases. In terms of product sectors, Leather Goods and Saddlery saw an 18% rise, while Ready-to-wear and Accessories increased by 15%. Notably, the Watches segment faced a decline, down by 4%. Hermès continues to invest in expanding its network, enhancing production capabilities, and opening new stores globally.
Looking ahead, Hermès remains optimistic for 2025 despite global economic uncertainties. The company plans to maintain its focus on creativity, craftsmanship, and client loyalty to drive future growth. Hermès is committed to its sustainable business model, as evidenced by its efforts in reducing emissions and promoting local employment.