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1、 HERMES INTERNATIONAL,Socit en Commandite par Actions(partnership limited by shares)with capital of 53,840,400.12,Registered in the Paris Trade and Companies Register under number 572 076 396,whose registered office is at 24,rue du Faubourg Saint-Honor,75008 PARIS Quarterly information report as at

2、the end of September 2024 Continued solid sales growth at the end of September(+14%at constant exchange rates and+11%at current exchange rates)Paris,24 October 2024 The groups consolidated revenue amounted to 11.2 billion at the end of September 2024,up 14%at constant exchange rates and 11%at curren

3、t exchange rates compared to the same period in 2023.In the third quarter,sales continued to rise and reached 3.7 billion,up 11%at constant exchange rates and 10%at current exchange rates.All regions are growing,despite a particularly high comparison basis in Europe and Asia-Pacific.Axel Dumas,Execu

4、tive Chairman of Herms,said:“In a more uncertain economic and geopolitical context,I want to thank all employees for the robust third-quarter performance,and our customers for their loyalty.Thanks to the singularity of its model,Herms is continuing its recruitments and long-term investments.”Sales b

5、y geographical area at the end of September(at constant exchange rates,unless otherwise indicated)At the end of September 2024,all the geographical areas posted solid growth,and the exclusive distribution network continued its development.Asia excluding Japan(+7%)posted growth,supported by solid sal

6、es in Korea,Singapore,Australia and Thailand.The region is growing in the third quarter despite the downturn in traffic in Greater China observed since the end of the Chinese New Year,and a high base in the third quarter last year.The Shenzhen store in China reopened in October after renovation and

7、expansion,following the Lee Gardens store reopening in Hong Kong in June.In August,the Collins Street store in Melbourne reopened after renovation.Japan(+23%),after an excellent third quarter,confirmed its strong growth thanks to the loyalty of its local clients.The new Ginza Mitsukoshi store was in

8、augurated in Tokyo in June,after the Azadubai Hills store in February.The Americas(+13%)continued their solid momentum in the third quarter,with growth close to the previous two quarters.The new Princeton store in New Jersey opened in April and online sales continued their development with their ext

9、ension to Mexico in September.Europe excluding France(+18%)achieved a remarkable performance,notably in the third quarter thanks to solid local demand and continued dynamics of tourist flows in all the countries of the region.France(+14%)after a sustained third quarter confirmed its momentum despite

10、 a slight slowdown in traffic in the Parisian stores due to the Olympic games.The Nantes store reopened in June after being renovated.Q3 2024 Revenue 2 Sales by sector at the end of September(at constant exchange rates,unless otherwise indicated)At the end of September 2024,all the mtiers with the e

11、xception of the Watches mtier,posted solid growth.The Leather Goods and Saddlery mtier(+17%)continued its solid growth.Demand remained sustained for both iconic models,which are constantly being reinvented,and for new models,such as the Constance lan and Bolide dos bags with a marked saddler spirit.

12、Production capacity continued to increase,with the opening of the groups twenty-third leather goods workshop in Riom,in the Puy-de-Dme,in September.This new facility reinforces the companys nine centres of expertise located across the national territory.The Ready-to-wear and Accessories sector(+15%)

13、confirmed its sustained momentum.The mens spring-summer 2025 fashion show,held at the Palais dIna in June,was very well received.The womens spring-summer 2025 collection,was presented at the end of September at the Garde Rpublicaine.It is inspired by the workshop as a place of creation and offers a

14、combination of soft leather and transparency.The Silk and Textiles sector(+2%)grew in the third quarter,thanks to creations combining exceptional materials and savoir-faire.Perfume and Beauty(+7%)achieved a steady growth in the third quarter.In September,the house successfully launched the new women

15、s perfume,Barnia,imagined by Christine Nagel.This new fragrance bears the name of an heritage leather and is displayed in an object bottle inspired by the Collier de chien bracelet.Beauty enriched its offering with the second part of Le Regard,the Trait Herms,composed of pencils for the eyes and the

16、 lips.In a more challenging context,the Watches mtier(-6%)was penalised by a high comparison base due to exclusive events in the third quarter last year.The Herms H08 collection continues to be well received.The Other Herms sectors(+17%),which include Jewellery and the Home universe,pursued their st

17、rong growth,illustrating the singularity and creativity of the house.The eighth Haute Bijouterie collection,Les formes de la couleur,was presented in September in Beijing after Paris in June.A sustainable and responsible model True to its commitment to local anchoring and job creation,the house inau

18、gurated the Riom leather goods workshop in September.This new site will ultimately host 250 artisans trained locally with the houses exceptional know-how,following the installation in Riom since 2022,of the cole Herms des savoir-faire to pass on the expertise of the houses artisan saddler-leather wo

19、rkers.The establishment of the leather goods workshop in the former Manufacture des Tabacs,a former industrial site registered as a historic site and fully rehabilitated,reflects the houses approach of enhancing industrial heritage and minimizing the artificialisation of soils.The sustainable and re

20、sponsible dimension of the houses craftsmanship model was rewarded in August by S&P,with an increase in its rating up 11 points to 65/100.The MSCI rating agency also confirmed the houses AA rating in a context of increased regulatory constraints and transparency.These results demonstrate the commitm

21、ents and values of the house.Other highlights At the end of September 2024,currency fluctuations represented a negative impact of 242 million on revenue.During the first nine months,Herms International redeemed 21,316 shares for 40 million,excluding transactions completed within the framework of the

22、 liquidity contract.Q3 2024 Revenue 3 Outlook In a more complex 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.In the medi

23、um-term,despite the economic,geopolitical and monetary uncertainties around the world,the group confirms an ambitious goal for revenue growth at constant exchange rates.Thanks to its unique business model,Herms is pursing its long-term development strategy based on creativity,maintaining control ove

24、r know-how and singular communication.In the Spirit of the Faubourg is the theme of the year.This place,the fruit of Emile Herms dream,is the beating heart of the house.It accompanies Herms everywhere and inspires the effervescence and joyful spirit so dear to the house.The press release on Revenue

25、at the end of September 2024 is available on the groups website:https:/.Upcoming events:14 February 2025:2024 full-year results publication 17 April 2025:Q1 2025 revenue publication 30 April 2025:General Meeting of shareholders Q3 2024 Revenue 4 REVENUE BY GEOGRAPHICAL AREA(a)At the end of September

26、 Evolution/2023 In m 2024 2023 Published At constant exchange rates France 1,045 916 14.2%14.2%Europe(excl.France)1,554 1,327 17.1%18.4%Total Europe 2,600 2,243 15.9%16.7%Japan 1,053 939 12.1%22.6%Asia-Pacific(excl.Japan)5,105 4,872 4.8%7.0%Total Asia 6,158 5,811 6.0%9.5%Americas 1,995 1,785 11.7%12

27、.8%Other(Middle East)456 223 104.4%104.8%TOTAL 11,208 10,063 11.4%13.8%3rd quarter Evolution/2023 In m 2024 2023 Published At constant exchange rates France 365 323 13.1%13.1%Europe(excl.France)584 492 18.8%20.3%Total Europe 949 814 16.5%17.4%Japan 360 304 18.5%22.8%Asia-Pacific(excl.Japan)1,584 1,5

28、75 0.6%1.0%Total Asia 1,944 1,879 3.5%4.6%Americas 666 600 11.0%13.4%Other(Middle East)145 72 102.2%104.4%TOTAL 3,704 3,365 10.1%11.3%(a)Sales by destination.Q3 2024 Revenue 5 REVENUE BY SECTOR At the end of September Evolution/2023 In m 2024 2023 Published At constant exchange rates Leather Goods a

29、nd Saddlery(1)4,789 4,176 14.7%17.3%Ready-to-wear and Accessories(2)3,296 2,934 12.3%14.8%Silk and Textiles 646 648(0.2%)2.2%Other Herms sectors(3)1,421 1,239 14.7%17.0%Perfume and Beauty 388 367 5.9%6.8%Watches 434 473(8.2%)(6.2%)Other products(4)233 226 3.3%4.6%TOTAL 11,208 10,063 11.4%13.8%3rd qu

30、arter Evolution/2023 In m 2024 2023 Published At constant exchange rates Leather Goods and Saddlery(1)1,573 1,396 12.7%14.0%Ready-to-wear and Accessories(2)1,134 1,012 12.1%13.5%Silk and Textiles 210 204 3.0%4.0%Other Herms sectors(3)455 403 12.7%13.6%Perfume and Beauty 129 117 10.2%10.6%Watches 126

31、 155(18.9%)(18.2%)Other products(4)76 76(0.0%)0.6%TOTAL 3,704 3,365 10.1%11.3%(1)The“Leather Goods and Saddlery”business line includes womens and mens bags,travel items,small leather goods and accessories,saddles,bridles and all equestrian objects and clothing.(2)The“Ready-to-wear and Accessories”bu

32、siness line includes Herms Ready-to-wear for men and women,belts,costume jewellery,gloves,hats and shoes.(3)The“Other Herms business lines”include Jewellery and Herms home products(Art of Living and Herms Tableware).(4)The“Other products”include the production activities carried out on behalf of non

33、-group brands(textile printing,tanning),as well as John Lobb,Saint-Louis and Puiforcat.Q3 2024 Revenue 6 REMINDER FIRST HALF 2024 KEY FIGURES In millions of euros H1 2024 2023 H1 2023 Revenue 7,504 13,427 6,698 Growth at current exchange rates vs.n-1 12.0%15.7%22.3%Growth at constant exchange rates

34、vs.n-1(1)15.1%20.6%25.2%Recurring operating income(2)3,148 5,650 2,947 As a%of revenue 42.0%42.1%44.0%Operating income 3,148 5,650 2,947 As a%of revenue 42.0%42.1%44.0%Net profit Group share 2,368 4,311 2,226 As a%of revenue 31.6%32.1%33.2%Operating cash flows 2,829 5,123 2,615 Operating investments

35、 319 859 249 Adjusted free cash flows(3)1,776 3,192 1,720 Equity Group share 15,052 15,201 13,249 Net cash position(4)9,477 10,625 9,326 Restated net cash position(5)10,033 11,164 9,848 Workforce(number of employees)(6)23,242 22,037 20,607 (1)Growth at constant exchange rates is calculated by applyi

36、ng,for each currency,the average exchange rates of the previous period to the revenue for the period.(2)Recurring operating income is one of the main performance indicators monitored by Group Management.It corresponds to operating income excluding nonrecurring items having a significant impact that

37、may affect understanding of the Groups economic performance.(3)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 f

38、lows).(4)Net cash position includes cash and cash equivalents presented under balance sheet assets,less bank overdrafts which appear under shortterm borrowings and financial liabilities on the liabilities side.Net cash position does not include lease liabilities recognised in accordance with IFRS 16

39、.(5)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.(6)The headcount relates to employees on permanent contracts and those on fixed-term contracts lasting more than 9 months.