French luxurious model Hermes’ consolidated income reached €4.1 billion (~$4.37 billion) within the first quarter (Q1) of 2025, a rise of 9 per cent year-over-year (YoY) at present alternate charges and seven per cent YoY at fixed alternate charges.
Area-wise, Asia excluding Japan recorded a 1 per cent improve in gross sales. The expansion was supported by robust shopper loyalty and the home’s value-driven technique, with key retailer reopening in Taichung, Taiwan, and Bangkok, following renovations, Hermes mentioned in a press launch.
Hermes Paris has reported consolidated income of €4.1 billion (~$4.37 billion) in Q1 2025, up 9 per cent YoY, pushed by robust gross sales in Japan, the Americas, and Europe.
Leather-based Items led progress, whereas ready-to-wear and silk additionally carried out properly.
The group stays assured regardless of international uncertainties, reaffirming its long-term technique and sustainability targets.
Japan noticed sturdy progress of 17 per cent, fuelled by constant help from native clientele. The Americas posted an 11 per cent improve, with the USA exhibiting notable momentum in March.
Europe excluding France achieved stable beneficial properties of 13 per cent and France stood with an increase of 13 per cent, pushed by robust native demand and vibrant vacationer exercise. Paris hosted the profitable return of the fifteenth Saut Hermes on the Grand Palais, whereas Florence (Italy) noticed the reopening of its renovated retailer in February. The Different space, primarily the Center East, continued its upward development with a 14 per cent improve in gross sales.
Section-wise, the Leather-based Items and Saddlery metier rose 10 per cent, supported by sustained demand and enriched collections, together with the brand new Medor and Mousqueton bag fashions. The model continued increasing its manufacturing capability, with a brand new workshop opening in L’Isle-d’Espagnac (Charente) this 12 months, and future services in Loupes (Gironde) and Charleville-Mezieres (Ardennes) deliberate for 2026 and 2027.
The ready-to-wear and equipment section grew by 7 per cent, bolstered by profitable shows of the ladies’s and males’s Autumn/Winter 2025 collections. The silk and textiles section recorded a 5 per cent improve, pushed by quite a lot of codecs and vibrant designs throughout each girls’s and males’s ranges.
Regardless of ongoing financial, geopolitical, and financial uncertainties, Hermes stays assured in its medium-term outlook and has reaffirmed its bold purpose for income progress at fixed alternate charges. Coming into 2025 with assurance, the group credit its extremely built-in artisanal mannequin, balanced distribution community, inventive collections, and powerful shopper loyalty as key strengths, added the discharge.
Emphasising its deep-rooted dedication to craftsmanship, the group has chosen ‘Drawn to craft’ as its theme for the 12 months—highlighting that each creation, from a saddle sew to a pencil stroke, begins with the artwork of drawing.
Hermes continues to uphold its dedication to accountable and sustainable progress. The group will distribute over €500 million (~$533 million) in 2025 to its staff as profit-sharing for 2024, recognising their important position in its success. Reinforcing its environmental stewardship, Hermes up to date its local weather technique in early 2025, specializing in actionable initiatives to strengthen provide chains and implement stringent pure useful resource conservation insurance policies.
The group stays aligned with its 2030 local weather targets, validated by the Science Based mostly Goal initiative (SBTi), progressing by way of decarbonisation efforts throughout direct operations and improved vitality effectivity. Moreover, Hermes is intensifying work to chop scope 3 emissions in shut collaboration with its suppliers and broader worth chain.
“In a complex geopolitical and economic context, the house is strengthening its fundamentals more than ever: uncompromising quality, creativity at the heart of all development, and vertical integration, a guarantee of preserving unique savoir-faire. Despite a high comparison basis in the first quarter, the group achieved solid growth in sales, thanks to the trust of its customers and the commitment of the teams, whom I thank warmly,” mentioned Axel Dumas, government chairman of Hermes.
