New women's collections boost sales of Silks & Textiles, Hermès

08 Mar '11

4 min read

Investments sustained over 2010
Investments in operating activities, mainly channelled into developing the distribution network and strengthening production capacity, totalled 153.8 million euros.

The Group did not buy back any of its own shares in 2010, other than shares traded under the liquidity contract.

Increased headcount
The Hermès Group created 309 new jobs, mainly in sales and production. At the end of 2010, the Group had 8,366 employees.

Outlook for 2011
Hermès will continue to follow its long-term strategy of maintaining control over its know-how and distribution network. In 2011, Hermès will continue to invest in expanding its distribution network, with 13 branch openings. Hirings of new staff will be pursued to face the Group's strong development.

In 2011, Hermès, the “contemporary artisan”, will emphasise the excellence and authenticity of its craftsmanship, which is the base on which it has built its success and its future. The virtuosity of our craftsmen represents a foundation of unique quality and an indispensable support for our ambitious and inspired creativity.

Proposed dividend
A proposal will be submitted to the AGM on 30 May 2011 to set the dividend at 1.50 euro per share. The interim dividend of 1.00 euro paid on 10 February 2011 will be deducted from the dividend to be decided by the AGM.

Hermes Group

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