Hermès Reports Record €15.2 Billion Revenue in 2024

Hermès reported record earnings for 2024, with consolidated revenue reaching €15.2 billion, reflecting a 15% increase at constant exchange rates. The luxury brand's profit after tax rose to €4.6 billion, while fourth-quarter sales surged by 17.6%, indicating strong demand despite a challenging economic landscape. Executive Chairman Axel Dumas emphasized the company's resilience and commitment to maintaining production in France, Switzerland, and Italy, despite potential tariffs impacting the market. Key growth drivers included a robust performance in leather goods, which saw an 18% increase, and significant sales growth across various regions, particularly in Japan and the Americas. The company also announced a bonus of €4,500 for its employees, reinforcing its commitment to workforce welfare amidst strong financial results. Hermès' adaptability and customer loyalty position it well for continued growth in the luxury sector, even as the market faces uncertainties.