Companies

Hermès maintains growth trajectory

Aug 6, 2025 France

Building on its performance in the first quarter, the France-based luxury group has reported continued growth in the first half of the year, driven by increased year-on-year sales across all regions

“The solid first-half results across all regions reflect the strength of the Hermès model. I would like to thank all our customers for their trust and all our employees for their commitment. We will continue to invest and recruit to ensure the group’s sustained success”, commented Axel Dumas, Executive Chairman of Hermès.

First Half Results

In the first half of the 2025 financial year, the group’s consolidated revenue reached 8 billion euros, reflecting an 8% increase at constant exchange rates and a 7% increase at current exchange rates, on a comparable basis to the same period last year. This result was driven by growth across all regions.

In the second quarter alone, Hermès’ sales totalled 3.9 billion euros, a 9% year-on-year increase at constant exchange rates and an improvement compared to the first quarter.

The luxury group reported growth in recurring operating income of 6% to 3.3 billion euros in the first half of the year, as compared to the same period the previous year. Additionally, despite the negative impact of currency hedging, recurring operating profitability reached 41.4%, as compared to 42.0% at the end of June 2024.

Hermès’ first half consolidated net profit totalled 2.2 billion euros, as compared to 2.4 billion euros in the first half of last year, “due to the exceptional contribution to profits made by large companies in France”. Without it, first half net profit amounted to 2.5 billion euros, up by 6% year-on-year.

Geographical Sales Breakdown

At the end of June, the group’s consolidated revenue from Asia excluding Japan grew by 3.0% at constant exchange rates to reach 3.6 billion euros, while revenue from Japan grew by 16.0% to reach 815 million euros, on a comparable basis to the first half of 2025.

The Americas region confirmed its momentum, achieving a 11.7% increase in sales at constant exchange rates to reach 1.5 billion euros in the first half of the year, as compared to the same period the previous year.

Finally, in the first half of the year, Europe excluding France contributed 1.1 billion euros euros, up by 12.6% year-on-year at constant exchange rates, and France alone contributed 740 million euros, up by 8.7% year-on-year at constant exchange rates.

Leather Goods & Saddlery

It’s worth highlighting that 'Leather Goods and Saddlery' business line, which includes women’s and men’s bags, travel items, small leather goods and accessories, saddles, bridles and all equestrian objects and clothing, posted solid growth of 12.4% in the first half to 3.6 billion euros.

Image Credits: pursebop.com

France Companies Hermès Luxury Quarter Results Results