{"id":131985,"date":"2024-02-09T13:13:58","date_gmt":"2024-02-09T12:13:58","guid":{"rendered":"https:\/\/luxus-plus.com\/hermes-sets-new-records-in-2023\/"},"modified":"2024-02-09T13:13:58","modified_gmt":"2024-02-09T12:13:58","slug":"hermes-sets-new-records-in-2023","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/hermes-sets-new-records-in-2023\/","title":{"rendered":"Herm\u00e8s sets new records in 2023 "},"content":{"rendered":"

With double-digit growth in sales and net income, and an all-time record in profitability, the saddler has not been affected by the normalization of the sector. It is demonstrating great dynamism in all its markets and business lines.<\/h4>\n

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Luxury goods results come one after the other for France’s industry leaders.<\/p>\n

After the announcement of Lvmh’s good performance in 2023, followed by Kering’s poor results, Herm\u00e8s continues to race ahead.<\/strong><\/p>\n

Not only was the saddler’s momentum very strong again last year, but it has never been so profitable<\/strong>. Its annual recurring operating margin<\/strong> reached an all-time high of 42.1%<\/strong>, against a target of 40.5% for 2022. Operating income recurring grew by 20% to 5.6 million euros.<\/p>\n

Antoine Fraysse-Soulier, Head of Market Analysis at eToro<\/strong>, hails “an operating margin that pulverizes that of its competitors, coming in at 42% compared with 26% for LVMH or 24% for Kering, for example.”<\/strong><\/p>\n

This performance is due both to “strong sales growth and the favorable impact of currency hedging”.<\/p>\n

Double-digit growth in sales and net income<\/h2>\n

Herm\u00e8s sales for 2023 soared by 21%<\/strong> at constant exchange rates (+16% at current exchange rates) to 13.4 billion euros.<\/p>\n

In the fourth quarter, sales remained strong (+18% at constant exchange rates<\/strong> and +13% at current exchange rates), reaching 3.36 billion euros, “despite the particularly high basis of comparison in America and Asia”. On average, analysts were expecting lower fourth-quarter sales of 3.28 billion euros.<\/p>\n
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