Record-Breaking Revenue and Growth
Hermès achieved a revenue of EUR 15.2 billion in 2024, representing a 15% increase at constant exchange rates and a 13% increase at current exchange rates. Q4 revenue stood at EUR 4 billion, up 18% at both constant and current exchange rates.
Strong Regional Performance
All regions showed solid performance: France (+13%), Europe (+19%), Japan (+23%), Asia excluding Japan (+7%), and America (+15%).
Successful Product Launches
Notable successes included the launch of the new feminine fragrance Barénia, and the Apple Watch 10 series. The leather collections and the Ready-to-wear divisions also received a strong positive reception.
Environmental Achievements
Hermès achieved a 64% reduction in Scope 1 and 2 emissions compared to 2018, and a 50% reduction in intensity for Scope 3 emissions.
Strong Financial Position
Current operating income stood at EUR 6.2 billion, up 9%, and available adjusted cash flow reached EUR 3.8 billion, up 18%. Net cash increased by EUR 900 million to reach EUR 12 billion.