Hermès International: The latest figures, news and market research on Hermès International

Turnover: 11.6 billion EUR (2022)

Country: France

Hermès International, founded in 1837, specializes in leather goods, lifestyle accessories, home furnishings, fragrances, jewelry, watches and ready-to-wear.

In 2017, Hermès generated 50% of its sales from its leather goods and saddlery products with 2.8 billion euros, far ahead of its Clothing & Accessories division (21%).

In the same year, the Group generated 35% of its sales in Asia-Pacific (excluding Japan at 13% of sales), and 14% in France.

News

Inauguration of a Hermès site in Riom, land of volcanoes 17/09/2024

1. Number of Hermès leather factories in France: 23.
2. Frequency of new leather goods factories opened by Hermès: one per year.
3. Length of training for a leatherworker at Hermès: 18 months for basic training, and 5 years to master the craft.
4. Standard capacity of Hermès leather goods factories: 300 employees, including 260 craftsmen and 40 supervisory and support staff.
5. Year Hermès launched its leather goods division: 1923.
6. Change in contribution to Hermès sales: initially 55% from silk and 9% from leather goods; today, these percentages are largely reversed.

Hermès continues to raise prices 09/02/2024

- Hermès sales in 2023 will be 13.4 billion euros, up 16% on the previous year and 21% at constant exchange rates.
- Net income is up 28% to 4.3 billion euros.
- Hermès has a market value of 231 billion euros.
- Hermès has increased its prices by 8 to 9% in 2023.
- 22,000 Hermès employees worldwide.
- More than 60% of new jobs created in France, where Hermès manufactures three quarters of its products.

Hermès, champion of luxury growth 29/07/2023

Hermès sales growth: 25% in the first half.

Planned openings: four new leather goods stores by 2027.

Luxury: Hermès, the quiet force of luxury gallops on 28/07/2023

Hermès sales reached over 6.6 billion euros in the first six months of the year. Sales were up 25%.
Sales in Asia were up 28%.
Sales in the United States rose by 20%, in Europe by 22% and in France by 24%.
Continued rapid growth in Hermès sales, with a particularly strong performance in Asia and in the leather goods market.

Hermès to create a third leather goods factory in the Ardennes, creating 280 jobs by 2027 28/04/2023

Hermès will build a new leather goods factory in Charleville-Mézières, to be operational in 2027.
260 craftsmen will exercise their skills in these future workshops.
The Pôle des maroquineries des Ardennes will employ over 800 craftsmen by 2027.
The new Charleville-Mézières leatherworks will be Hermès Maroquinerie Sellerie's twenty-sixth production site in France.

Hermès prepares to open its 23rd leather goods factory near Angoulême 10/02/2023

Hermès recruits and trains in leaps and bounds
nine openings since 2010,
three new openings planned for 2023

Hermès is benefiting from inflation. 29/07/2022

The group faces falling sales in China
Group posts net profit of 1.64 billion euros
Flagship store to open in September in New York
Investments to rise to 550 million euros
Jewelry and watch prices rise
French saddlery sales up 29% to 5.4 billion euros
The company plans to open 5 additional workshops within five years

Hermès starts 2022 in a good position. 14/04/2022

In the first quarter of 2022, Hermès posted sales growth of 33% to 2.76 billion euros
U.S. market up 44
Euro zone sales up 44%, Japan up 17
In China, the luxury house has 26 stores, and the 3 in Shanghai are closed due to sanitary measures

Hermès sees first-half results soar 30/07/2021

Sales 4,235 billion euros by January-June 2022
Operating income recurring 1.722 billion euros
Sales up 77% compared with 2nd quarter 2020
Sales up 44% on 1st quarter 2022

Creation of a new plant for Hermès in Auvergne (250 new jobs) 16/09/2020

Creation of 250 jobs Hermès has another site in Sayat (Clermont-Ferrand)
The new building will be operational by 2023
Since 2010, Hermès has opened nine plants, creating 2,500 new jobs.
Hermès employs 3,800 saddlery and leather goods makers in France.
Hermès Maroquinerie Sellerie has 22 production sites

For fiscal 2018, Hermès International reported net income up 11% on 2017, as well as sales up 10.4% (at constant exchange rates, up 7.5% at current exchange rates).

Financial Data

DUNS: 696520410

Legal Name: HERMES SELLIER

Address: 24 RUE DU FAUBOURG SAINT HONORE , 75008 PARIS 8

Number of employees: Entre 2 000 et 4 999 salariés (2019)

Capital: 4 976 000 EUR

Financial Data:

Year	Turnover (€)	Net Profit (€)	Fiscal Year End	Fiscal Year Duration
2021	4 172 341 175 EUR	836 172 331 EUR	31/12/2021	12
2020	3 207 818 539 EUR	481 233 770 EUR	31/12/2020	12
2019	3 340 277 116 EUR	792 080 516 EUR	31/12/2019	12
2018	2 911 780 596 EUR	463 564 696 EUR	31/12/2018	12
2017	2 604 004 200 EUR	388 361 290 EUR	31/12/2017	12
2016	2 367 983 694 EUR	390 757 541 EUR	31/12/2016	12