Acceleration in sales in the first quarter 2019
Paris, 25 April 2019
In the first quarter 2019, the Group's consolidated revenue amounted to €1,610 million, up +16% at current
exchange rates and +12% at constant exchange rates, thanks to dynamic sales growth in Group stores (+13%
at constant exchange rates).
Axel Dumas, Executive Chairman of Hermès, said: " Driven by the success of its collections among all its
customers, Hermès achieved an acceleration of its sales over the first quarter, which shows the continuation
of a dynamic trend, particularly in China. "
Sales by geographical area at the end of March
(at constant exchange rates unless otherwise indicated)
Over the first quarter 2019, all geographical areas recorded sustained growth:
• Asia excluding Japan (+17%) achieved an outstanding performance, with extremely good sales
growth driven by mainland China and two-digits growth in all other countries of the area. The Group
benefited from the success of the store extensions completed in 2018, in particular on the Shanghai
IFC and Singapore Marina Bay Sands. A new store opened in Phuket Floresta, Thailand, in March.
Hermès is continuing the roll-out of the new digital platform in Asia, launched in China last October.
• Japan (+10%) posted remarkable growth, despite a high comparison basis.
• America (+10%) pursued its development with the opening of the 35th Hermès store in Orlando in
March and the inauguration of a new store in New York's Meatpacking district early April. Finally,
the Group announced the future location of the new Maison Hermès at 706 Madison Avenue in New
York.
• Europe excluding France (+9.5%) achieved a sound performance, driven particularly by the United
Kingdom. France (+1%), negatively impacted by events which continued at the start of the year,
hosted successfully the 10th Saut Hermès event at the Grand Palais.
https://finance.hermes.com/var/finances/storage/original/application/dcf2ce9c5611a41d221117d5e5da20ab.pdf
