Hermès International: First Quarter 2025 Revenue

Core Insights - The company reported consolidated revenue of €4.1 billion in Q1 2025, reflecting a growth of 9% at current exchange rates and 7% at constant exchange rates, with all geographical areas showing growth [1][11]. Sales Performance by Geographical Area - All geographical regions experienced growth, with Japan leading at +17%, followed by the Americas at +11%, Europe excluding France at +13%, and France at +14% [5][17]. - Asia excluding Japan recorded a modest growth of +1%, despite a high comparison basis and reduced traffic in Greater China [5][17]. Sales Performance by Sector - The Leather Goods and Saddlery sector achieved a robust growth of +10%, driven by strong demand and new product introductions [6][19]. - The Ready-to-wear and Accessories sector grew by +7%, while the Silk and Textiles sector saw a growth of +5% [14][19]. - The Perfume and Beauty sector remained stable, while the Watches sector experienced a decline of -10% [14][19]. Strategic Initiatives - The company is committed to sustainable practices, planning to distribute over €500 million to employees in profit-sharing for 2024 [8]. - Hermès updated its climate strategy in early 2025, focusing on supply chain improvements and natural resource preservation [9][10]. Future Outlook - The company maintains an ambitious revenue growth target at constant exchange rates, despite global economic uncertainties [12]. - Hermès continues to emphasize its unique business model, creativity, and client loyalty as key drivers for long-term development [13].