EarningsHermès achieved a firm revenue growth of 9% y/y in 1Q25, reaching EUR4.1bn, driven by strong demand across most product segments and regions despite a challenging global economic and geopolitical environment.
Growth StrategyHermès remains confident in its medium-term outlook despite economic and geopolitical uncertainties, aiming to achieve ambitious organic revenue growth by leveraging its artisanal model, distribution network, creative collections, and customer loyalty.
Market PositionThe growth differential between Hermès and the rest of the sector is expected to remain sizeable, thanks to untapped pricing power, high visibility for leather goods, and a loyal clientele.