Luxury brand Hermes 2013 sales boost 13%

24 Mar '14

1 min read

The Executive Management presented the audited accounts for 2013 to the Supervisory Board at its meeting on 19 March 2014, reflecting revenue of €3,755 million (up 7.8% and 13.0% at constant exchange rates) and operating income of €1,218 million (up 8.9%).

Sales by region and Sector (at comparable exchange rates unless otherwise indicated)

-Sales generated by the group’s own stores increased by 13%.

-Hermès continued to qualitatively expand its distribution network with the launch of two new branches in Ningbo, China, and Nagoya Mitsukoshi, Japan. In the United States, the Beverly Hills store was successfully enlarged and renovated. In Milan, Hermès moved to a new, exclusive location on the famous Via Montenapoleone.

All regions contributed to the growth

Non-Japan Asia (+16%) and America (+14%) were particularly dynamic. Europe (+12%) saw sustained activity in all countries despite a difficult economic climate. Japan (+7%) posted a very good performance.

Growth in workforce

The Hermès Group created over 900 new jobs, of which more than 500 in France, most of them in sales and in its production facilities. At the end of 2013, the group’s workforce comprised 11,037 employees.

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