Quality, creativity and savoir-faire pay off for Hermès
Luxury leathergoods brand Hermès has reported full-year revenues for 2024 of €15.2 billion, an increase of 13% year on year.
Its leathergoods and saddlery division achieved revenues of just under €6.5 billion, growth of 16.4%. The ready-to-wear and accessories division, in which the company includes its footwear, glove and belt categories, reported revenues of €4.4 billion, growth of 13.6%.
Commenting on the results, executive chairman, Axel Dumas, said: “In 2024, in an uncertain economic and geopolitical context, the solid performance of the results attests to the strength of the Hermès model and the agility of our teams, whom I thank warmly. The company is staying the course, attached more than ever to its fundamental values of quality, creativity and savoir-faire.”
