Hermes International revenues fall 7.2% to €6,389 mn in FY20

Fashion

Hermes International revenues fall 7.2% to €6,389 mn in FY20

22 Feb `21

2 min read

Hermes International SA, a French high fashion luxury goods manufacturer, reported 7.2 per cent revenues decline to €6,389.4 million in its full fiscal 2020 ended on December 31, 2020, compared to revenues of €6,883.4 million in the previous fiscal. Group’s net profit for the complete year was down to €1,385 million (FY19: €1,528 million).

 

Hermes International SA, a French high fashion luxury goods manufacturer, reported 7.2 per cent revenues decline to €6,389.4 million in its full fiscal 2020 ended on December 31, 2020, compared to revenues of €6,883.4 million in the previous fiscal. Group`s net profit for the complete year was down to €1,385 million (FY19: €1,528 million).#

“The solidity of our results reflects both the desirability of our collections and the agility of our craftsmanship model. I am proud of the work accomplished by all Hermes employees, who have shown courage, solidarity and commitment, and I thank our customers for their loyalty all over the world,” Axel Dumas, executive chairman of Hermes, said in a press release.

 

Hermes International SA, a French high fashion luxury goods manufacturer, reported 7.2 per cent revenues decline to €6,389.4 million in its full fiscal 2020 ended on December 31, 2020, compared to revenues of €6,883.4 million in the previous fiscal. Group`s net profit for the complete year was down to €1,385 million (FY19: €1,528 million).#

Gross margin for FY20 decreased to €4,376.2 million (€4,758.5 million), whereas operating income dropped to €2,072.5 million (€2338.9 million).

 

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