Hermès International: 2025 Half-year Financial Report

Core Insights - Hermès International reported strong financial performance for the first half of 2025, with revenue reaching €3.5 billion, reflecting a 12% increase compared to the same period in 2024 [1] - The company's net profit for the first half of 2025 was €1.2 billion, marking a 15% rise year-over-year [1] - The growth was driven by robust demand in Asia and the Americas, with sales in Asia increasing by 18% and in the Americas by 14% [1] Financial Performance - Total revenue for the first half of 2025 was €3.5 billion, up from €3.1 billion in the first half of 2024, indicating a 12% growth [1] - Net profit reached €1.2 billion, compared to €1.04 billion in the same period last year, representing a 15% increase [1] - Operating margin improved to 35%, up from 33% in the previous year, showcasing enhanced operational efficiency [1] Regional Performance - Sales in Asia surged by 18%, driven by strong consumer spending and increased tourism [1] - The Americas saw a 14% increase in sales, attributed to the growing luxury market and brand expansion efforts [1] - Europe experienced a more modest growth of 5%, reflecting a challenging retail environment [1] Product Categories - Leather goods remained the top-performing category, contributing €1.8 billion in sales, a 10% increase year-over-year [1] - The ready-to-wear segment also showed strong performance, with sales rising by 20% to €600 million [1] - The fragrance and beauty division reported a 15% increase in sales, reaching €300 million [1]