Hermès: 2024 NI up 7%

(CercleFinance.com) - For 2024, Hermès International has announced a 7% increase in net income, group share to E4.
6bn and a 9% increase in current operating income to E6.2bn, representing a margin of 40.5%, vs. 42.1% in 2023.

The luxury goods house increased its sales by 13% to E15.2bn (+15% at constant exchange rates), with increases observed in all its geographic zones and all its businesses, with the exception of watchmaking.

At the AGM on 30 April, it will be proposed to set the dividend at E16 per share, with the interim dividend of E3.50 to be paid on 19 February deducted from this. An exceptional dividend of E10 per share will also be proposed.

Hermès looks forward to 2025 with confidence, and confirms an ambitious medium-term sales growth target at constant exchange rates, despite global economic, geopolitical and monetary uncertainties.


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