Hermès International: Third Quarter 2025 Revenue

Core Insights - The company reported solid sales growth in the third quarter, with sales reaching €3.9 billion, reflecting a 10% increase at constant exchange rates and a 5% increase at current exchange rates compared to the previous quarter [1] - Consolidated revenue for the group at the end of September 2025 was €11.9 billion, marking a 9% increase at constant exchange rates and a 6% increase at current exchange rates compared to the same period in 2024 [2] - The company maintains a positive outlook for medium-term revenue growth despite global economic uncertainties, supported by a strong artisanal model and customer loyalty [9] Sales Performance - Sales by geographical area showed growth across all regions, with notable performances in Asia excluding Japan (+4%), Japan (+15%), the Americas (+13%), and Europe excluding France (+12%) [5][13] - The Leather Goods and Saddlery sector achieved a remarkable growth of 13%, driven by strong demand for iconic products and new collections [4][15] - The Ready-to-wear and Accessories sector grew by 6%, with an acceleration noted in the third quarter [11][15] Sector Analysis - The Leather Goods and Saddlery sector reported sales of €5.3 billion, up 10.2% from the previous year [15] - The Ready-to-wear and Accessories sector saw sales of €3.4 billion, reflecting a 3.5% increase [15] - The Perfume and Beauty sector experienced a decline of 5.6%, attributed to a high comparison base from the previous year [11][15] Regional Highlights - In Asia excluding Japan, the region benefited from a value strategy and local client loyalty, with significant store renovations and expansions contributing to growth [5] - Japan's growth was sustained by local client loyalty, with a 15% increase in sales [5][13] - The Americas confirmed their momentum with a 13% increase, particularly driven by new store openings in the United States [5][13] Sustainable Practices - The company opened a new leather goods workshop in L'Isle-d'Espagnac, which will employ 260 artisans, reinforcing its commitment to local employment and high environmental standards [7]