The French luxury fashion house Hermes has published solid results for the first half of 2025, with consolidated revenues that reach 8 billion euros (~ $ 9.20 billion) at the end of June 2025, 8 percent more at constant change rates and 7 percent to current change rates compared to the first half of 2024 (H1 2024). Recurrent operating income increased by 6 percent to € 3.3 billion (~ $ 3.79 billion), which represents 41.4 percent of sales.
Hermes has reported strong results of H1 2025 with revenues of $ 9.20 billion and operational income of $ 3.79 billion, 8 % and 6 percent respectively. Net (adjusted) gain increased to $ 2.87 billion. Sales of the second quarter reached $ 4.48 billion, 9 percent more. All regions grew, directed by Japan and the Americas. The group reaffirmed its growth perspective, anchored in crafts and loyal clientele.
In terms of commercial segments, leather items and the mount increased by 12 percent, driven by sustained demand and greater production capacity. Accessories ready to use and accessories rose 6 percent and silk and textiles rose 4 percent, Hermes said in a statement.
The participation in the net gain group totaled € 2.2 billion versus € 2.4 billion last year due to an exceptional corporate contribution in France, but the net adjusted net profits, excluding this, was € 2.5 billion (~ $ 2.87 billion), 6 percent more. The operating cash flow increased 4 percent to € 2.3 billion. The adjusted free cash flow reached € 1.8 billion after investments and lease reimbursements.
After paying € 2.7 billion in dividends, Hermes' net cash position stood at € 10.7 billion. Monetary fluctuations negatively affected revenues at € 77 million. No actions were reached out of the liquidity contract.
Sales of the second quarter (Q2) reached € 3.9 billion (~ $ 4.48 billion), growing in 9 percent to constant exchange rates, reflecting a better impulse versus q1. All geographical regions recorded growth, with Japan by 16 percent, Americas increase 12 percent, Europe, excluding France, increasing 13 percent, France growing 9 percent and Asia excluding Japan moving 3 percent despite winds against winds against. The 'other' region led by the Middle East increased 17 percent.
“The solid results of the first half in all regions reflect the strength of the Hermes model. I would like to thank all our clients for their trust and all our employees for their commitment. We will continue investing and recruiting to guarantee the sustained success of the group,” he said Axel Dumas, executive president of Hermes.
Looking towards the future, Hermes maintained his medium -term ambition for the growth of income at constant exchange rates, backed by his integrated artisanal model, loyal clients and creative force base. The theme of 2025, 'Drawned to Craft', underlines the lasting approach of the brand in creativity and crafts.
Fiber2Fashion News Desk (HU)
