Hermès International: Third Quarter 2025 Revenue

Quarterly information report as at the end of September 2025Continued solid sales growth in the third quarter (+10% at constant exchange rates and +5% at current exchange rates) Paris, 22 October 2025In the third quarter, sales continued to grow and reached €3.9 billion, up 10% at constant exchange rates, a slight improvement compared to the second quarter, particularly in Europe, the Americas and Asia. The group’s consolidated revenue amounted to €11.9 billion at the end of...

Paris, 22/10/2025 (informazione.news - comunicati stampa - servizi)

Quarterly information report as at the end of September 2025

Continued solid sales growth in the third quarter
(+10% at constant exchange rates and +5% at current exchange rates)

Paris, 22 October 2025

In the third quarter, sales continued to grow and reached €3.9 billion, up 10% at constant exchange rates, a slight improvement compared to the second quarter, particularly in Europe, the Americas and Asia.

The group’s consolidated revenue amounted to €11.9 billion at the end of September 2025, up 9% at constant exchange rates and 6% at current exchange rates compared to the same period in 2024.

Axel Dumas, Executive Chairman of Hermès, said: “In the third quarter, Hermès is maintaining its course, thanks to solid growth that reflects the strength of our model. We remain focused on navigating uncertainties, thanks to the loyalty of our customers and the commitment of our employees.”

Sales by geographical area at the end of September
(at constant exchange rates unless otherwise indicated)

At the end of September 2025, all the geographical areas posted growth, and the exclusive distribution network continued to expand.

Sales by sector at the end of September
(at constant exchange rates unless otherwise indicated)

At the end of September 2025, the Leather Goods and Saddlery and the Other Hermès sectors achieved solid sales growth. The Ready-to-wear and Accessories and Silk and Textiles sectors accelerate in the third quarter.

A sustainable and responsible model

In September, the house reinforced its regional anchoring with the opening of the L’Isle-d’Espagnac leather goods workshop, underscoring the house’s long-term commitment to fostering local employment. This new site will employ 260 artisans trained locally in the house’s craftmanship excellence through its Écoles Hermès des savoir-faire. This fourth workshop in southwestern France reflects a local value creation dynamic driven by high environmental standards and a particularly rigorous internal framework for responsible real estate.

Other highlights

At the end of September 2025, currency fluctuations represented a negative impact of €254 million
on revenue.

Hermès International did not redeem any shares, excluding transactions completed within the framework of the liquidity contract.

Outlook

In the medium-term, despite the economic, geopolitical and monetary uncertainties around the world, the group confirms an ambitious goal for revenue growth at constant exchange rates.

In a more uncertain economic and geopolitical context, the group continues its development with confidence, thanks to the highly integrated artisanal model, the balanced distribution network, the creativity of collections and the loyalty of clients.

Thanks to its unique business model, Hermès is pursuing its long-term development strategy based on creativity, maintaining control over know-how and singular communication.

Drawn to craft is the theme of the year. From the saddle stitch to the pencil stroke, everything at Hermès begins with drawing.

The press release on Revenue at the end of September 2025 is available on the group’s website: https://finance.hermes.com .

Upcoming events:

Revenue by geographical area

Sales by destination.

Revenue by sector

The “Leather Goods and Saddlery” business line includes women’s and men’s bags, travel items, small leather goods and accessories, saddles, bridles and all equestrian objects and clothing.
The “Ready-to-wear and Accessories” business line includes Hermès Ready-to-wear for men and women, belts, costume jewellery, gloves, hats and shoes.
The “Other Hermès sectors” include Jewellery and Hermès home products (Art of Living and Hermès Tableware).
The “Other products” include the production activities carried out on behalf of non-group brands (textile printing, tanning…), as well as John Lobb, Saint-Louis and Puiforcat.

REMINDER – FIRST HALF 2025 KEY FIGURES

Growth at constant exchange rates is calculated by applying, for each currency, the average exchange rates of the previous period to the revenue for the period.

Recurring operating income is one of the main performance indicators monitored by g roup m anagement. It corresponds to operating income excluding non‑recurring items having a significant impact that may affect understanding of the group’s economic performance.

Adjusted free cash flows are the sum of cash flows related to operating activities, less operating investments and the repayment of lease liabilities recognised in accordance with IFRS 16 (aggregates in the consolidated statement of cash flows).

         Net cash position includes cash and cash equivalents presented under balance sheet assets, less bank overdrafts which appear under short‑term borrowings and financial liabilities on the liabilities side. Net cash position does not include lease liabilities recognised in accordance with IFRS 16.

         The restated net cash position corresponds to net cash plus cash investments that do not meet the IFRS criteria for cash equivalents due in particular to their original maturity of more than three months, less borrowings and financial liabilities.

Permanent + fixed‑term employment contracts with no length of service condition ( 23,242 published at the end of June 2024, excluding fixed-term contracts of less than 9 months, before the CSRD methodology change ) .

* 31.2% in the first half of 2025 after restatement of the exceptional contribution on the profits of large

companies in France.

Attachment