Hermes International Societe en commandite par actions Q2 2025 Earnings Recap

Hermès reported solid first-half 2025 results with sales reaching EUR 8 billion, reflecting an 8% increase at constant rates, and a current operating income growth of 6%.

Key Takeaways

• All regions experienced sales growth, with notable increases of 16% in Japan and 13% in Europe (excluding France).
• Key segments, particularly Leather and Saddles, grew by 12%, driven by enhanced production capacity.
• Hermès reinforced its commitment to sustainability and employee welfare, distributing a EUR 4,500 bonus to all global employees.
• The company plans significant investments in production capacity with multiple new leather workshops slated to open by 2028.
• Cash generation remains strong, supporting a net profit of EUR 2.5 billion, also up 6%.