France’s Hermes posts 29% growth in consolidated revenue in FY22

    Date:

    French luxury fashion house Hermes has reported a consolidated revenue increase of 29 per cent at current exchange rates, reaching €11,602 million, in fiscal 2022 (FY22), compared to FY21. The company’s revenue growth was driven by sustained demand in Asia, particularly in Greater China, as well as strong performances in the Americas, and France.

    The leather goods and saddlery business line saw a particularly impressive performance, with a 16 per cent increase in sales, benefiting from sustained demand and favourable comparisons in the fourth quarter. The ready-to-wear and accessories division also saw strong growth, with a 36 per cent increase in sales, thanks to the success of the collections.

    The silk and textiles business line achieved a 20 per cent increase in sales, supported by the growth in production capacities and the success of the collections. Meanwhile, the other Hermes business lines, including homeware, continued their upward trend, the company said in a press release.

    French luxury fashion house Hermes has reported a consolidated revenue increase of 29 per cent at current exchange rates, reaching €11,602 million, in fiscal 2022 (FY22), compared to FY21. The company’s revenue growth was driven by sustained demand in Asia, particularly in Greater China, as well as strong performances in the Americas, and France.

    The group’s recurring operating income increased by 33 per cent, reaching €4,697 million, while the annual recurring operating profitability reached its highest level ever at 40.5 per cent, up from 39.3 per cent in 2021. Consolidated net profit (group share) amounted to €3,367 million, an increase of 38 per cent from the previous year.

    In the fourth quarter FY22, the sales momentum recorded at the end of September continued, with sales reaching €2,991 million, an increase of 26 per cent at current exchanges rates and 23 per cent at constant exchange rates.

    “In 2022, Hermès 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, mainly in France: a design house that offers objects conceived to be functional, with an assertive style and uncompromising quality. The year underpins the relevance of our responsible and sustainable model,” said Axel Dumas, executive chairman of Hermes.

    Fibre2Fashion News Desk (DP)

    Originally Posted Here

    Popular Posts

    More like this
    Related

    Celebrity Memorial Day Weekend Throwbacks in Photos – Hollywood Life

    View gallery Everybody — even celebrities — love celebrating...

    Home Alone House Listed for Sale for $5.25 Million

    The iconic house from original Home Alone movie...

    Jessica Lange is ‘The Great Lillian Hall’ in Trailer for HBO’s New Movie

    Jessica Lange is 'The Great Lillian Hall' in...

    Yashoda Full Movie Hindi Dubbed Release Date | Samantha New Movie | South Movie | New Movie

    Yashoda Full Movie Hindi Dubbed Release Date Samantha New...
    Celebrity Memorial Day Weekend Throwbacks in Photos – Hollywood Life
    Glen Powell Reminds Us He’s in ‘Spy Kids 3’, Compares it to ‘Dune’
    Kate Middleton Will Reportedly Return to Public Duties in Fall 2024 – Hollywood Life
    Massiel Taveras Shoves Security Guard Who Argued With Kelly Rowland
    A Mad Max Saga Movie Review
    Babes Movie Review
    In a Violent Nature Movie Review
    Thelma Movie Review
    Carson Daly Reveals Trouble Blake Shelton Caused On ‘The Voice’
    Days of Our Lives Spoilers for the Week of 5-27-24: Heartbreaking Scenes For Eric, But At Least The Baby-Switchers Face Some Consequences
    Chris McNally Warns Dark Times Are Ahead For Lucas
    The Top Moments From The King & Queen of the Ring 2024!
    Home Alone House Listed for Sale for $5.25 Million
    Sting Kicks Off “Sting 3.0 Tour” with Hits, Deep Cuts: Video + Setlist
    Nicki Minaj Arrested in The Netherlands for Marijuana
    Dream Theater’s Mike Portnoy Attempts Complex Tool Song
    This Curl Gel Gives Me 'Day One' Hair for a Full Week
    AI can reduce fast fashion’s carbon footprint: UNSW Research
    How To Dress Like A (Cool) Dad
    Nicolas Ghesquière Puts His Spin on Spanish Fashion for Louis Vuitton Cruise 2025
    Horror Elements in Call of Duty
    Official Trailer: Pale Horse: A Psycho Sexual Odyssey starring Eileen Dietz, Chris Connell, & Alexandra Bard
    Dreaded Invocations: 14 Frightening Tales to Utter in Hushed Tones
    Horror in the Forest Review
    Jessica Lange is ‘The Great Lillian Hall’ in Trailer for HBO’s New Movie
    Yashoda Full Movie Hindi Dubbed Release Date | Samantha New Movie | South Movie | New Movie
    'Beetlejuice Beetlejuice' Trailer
    Trap | Official Trailer
    Main Parwaana – Pippa | Ishaan | Arijit Singh | A. R. Rahman | Shellee
    Pari Ama Pari | Full Music Video | Odia New song | Rajendra | Deepanjali | Yashi | S Jitu | Soujanya
    Justin Timberlake – TKO (Official Video)
    Popcaan, Jafrass, Quada – Unruly Camp (Official Video)