{"id":226943,"date":"2023-02-20T09:47:28","date_gmt":"2023-02-20T09:47:28","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=226943"},"modified":"2023-02-20T18:03:39","modified_gmt":"2023-02-20T18:03:39","slug":"hermes-annual-sales-boosted-by-international-markets","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/hermes-annual-sales-boosted-by-international-markets\/","title":{"rendered":"Herm\u00e8s annual sales boosted by international markets"},"content":{"rendered":"<p><strong><a href=\"https:\/\/www.hermes.com\/uk\/en\/\" target=\"_blank\" rel=\"noopener\">Herm\u00e8s<\/a> has reported a 29% increase in revenue to \u00a310.3 billion (\u20ac11.6 billion) for 2022, revealing \"remarkable\" sales growth in all geographical regions.<\/strong><\/p>\n<p><!--more--><\/p>\n<p>Revenue in Asia grew 22% in constant rates to \u00a35.8 billion (\u20ac6.6 billion), whilst the Americas shared a\u00a0 32% increase to \u00a31.8 billion (\u20ac2.1 billion). In Europe, revenue was up 22% to \u00a32.3 billion (\u20ac2.6 billion).<\/p>\n<p><strong>For the full year, Herm\u00e8s shared the following sector results:<\/strong><\/p>\n<ul>\n<li>Leather goods and saddlery revenue up 16% to \u00a34.3 billion (\u20ac4.9 billion).<\/li>\n<li>Ready-to-wear and accessories revenue up 36% to \u00a32.7 billion (\u20ac3.1 billion).<\/li>\n<li>Silk and textiles revenue up 20% to \u00a3748 million (\u20ac842 million).<\/li>\n<li>Perfume and beauty revenue up 15% to \u00a3398 million (\u20ac448 million).<\/li>\n<li>Watches revenue up 46% to \u00a3461 million (\u20ac519 million).<\/li>\n<\/ul>\n<p>The company noted a 26% increase in wholesale activity, driven by the recovery of travel retail. Sales also grew 23% in group stores, whilst online sales \"pursued an upward trend worldwide\".<\/p>\n<p>Net profit reached \u00a32.9 billion (\u20ac3.3 billion), representing net profitability of 29%. Annual recurring operating income increased 40.5% to \u00a34 billion (\u20ac4.6 billion).<\/p>\n<p>Herm\u00e8s said it has \"moved into 2023 with confidence, thanks to its highly integrated artisanal model, balanced distribution network, creativity of collections and the loyalty of clients\".<\/p>\n<p>Axel Dumas, Executive Chairman of Herm\u00e8s, said: \u201cIn 2022, Herm\u00e8s had an exceptional year thanks notably to the good performance of its international markets. This success reinforces our approach as an artisanal and highly integrated company: a design house that offers objects conceived to be functional, with an assertive style and uncompromising quality.\"<\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":100,"featured_media":226966,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10585,6],"tags":[11222,10070],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Herm\u00e8s annual sales boosted by international markets - TheIndustry.fashion<\/title>\n<meta name=\"description\" content=\"Herm\u00e8s has reported a 29% increase in revenue to \u20ac11.6 billion for 2022, revealing &quot;remarkable&quot; sales growth in all geographical regions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theindustry.fashion\/hermes-annual-sales-boosted-by-international-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Herm\u00e8s annual sales boosted by international markets - 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