Hermès Worldwide: Income assertion for the primary quarter of 2023

Hermes

Quarterly media report finish of March 2023

Sturdy gross sales development within the first quarter

(+23% at mounted charges and +22% at present charges)

Paris, April 14, 2023

Consolidated income of the Group amounted to three,380 million euros within the first quarter of 2023 and elevated by
23% at mounted change charges and 22% at present change charges. Enterprise was significantly dynamic throughout all geographies and throughout all companies.

Axel Dumas, Managing Director of Hermès, stated: “The primary quarter of 2023 is a continuation of the great outcomes of 2022 and displays the success achieved by our teams world wide, pushed by the loyalty of our prospects. We’re happy with strengthening our manufacturing capabilities and consolidating our craft mannequin. The opening at the start of April of our twenty first manufacturing unit in Louvre is a current instance. This third Paul Normand website testifies to our regional roots, our attachment to recruitment and coaching, and our social and environmental duty. »

Exercise on the finish of March by geographical space

(Information at fixed change charges, except explicitly acknowledged)

On the finish of March 2023, all geographies are rising strongly. The community has continued to evolve with retailer openings, expansions and on-line gross sales boosting. Enterprise grew strongly in group shops (+23% at fixed change charges) and wholesale gross sales (+26%) benefited from a rebound in gross sales to vacationers.