hermes intl-unsponsored adr (HESAY) Key Developments
Hermès Names Nadège Vanhee-Cybulski as New Artistic Director of Womenswear
Jul 25 14
Hermès has appointed Nadège Vanhee-Cybulski as its new artistic director of womenswear. Vanhee-Cybulski was most recently women's design director at The Row, the label launched by Ashley Olsen and Mary-Kate Olsen in 2006, and has previously held positions at CÃ©line and Maison Martin Margiela. She replaces Christophe Lemaire, who is leaving HermÃ¨s after four years to focus on his eponymous label.
Hermes International SCA Reports Consolidated Revenue Results for the First Half of 2014
Jul 17 14
Hermes International SCA reported consolidated revenue results for the first half of 2014. For the period, the company reported consolidated turnover of EUR 1,906.9 million, an increase of 12% at constant exchange rates. After consideration of the negative currency impact, growth amounts to 8%.
Hermes International SCA Reports Consolidated Revenue Results for the First Quarter of 2014
Apr 29 14
Hermes International SCA reported consolidated revenue results for the first quarter of 2014. For the quarter, the company reported consolidated revenue of EUR 943.5 million compared with EUR 856.8 million last year, an improvement of 14.7% at constant exchange rates. After taking into account the negative currency impact, growth is 10.1%.
Hermès Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2013
Mar 20 14
Hermès announced audited consolidated earnings results for the year ended December 31, 2013. For the year, the company reported reflecting revenue of EUR 3,755 million (up 7.8% and 13.0% at constant exchange rates). Operating income rose by 8.9% to EUR 1,218 million from EUR 1,119 million in 2012. After taking into account an increased taxation, particularly in France, the consolidated net income, group's share, was EUR 790 million (up 6.8%). Cash flow totaled was EUR 1,016 million (up 14.8%). This rise, which is greater than that in net income, stems from the higher proportion of costs with no effect on cash flow in 2013.
Hermès International Announces Consolidated Sales Results for the Fourth Quarter and Full Year 2013 ; Provides Operating Margin Guidance for 2013
Feb 13 14
Hermès International announced consolidated sales results for the fourth quarter and full year 2013. In 2013, the group's consolidated revenue totaled EUR 3,754.8 million, a 13.0% rise from EUR 3,484.1 million at constant exchange rates. After adjusting for the negative impact of currencies, primarily due to the weakness of the Yen, the rise is 7.8%.
In the fourth quarter, growth remained strong (+11.0% at constant exchange rates) despite a particularly high basis for comparison. Total sales were EUR 1,092.0 million against EUR 1,044.1 million a year ago.
With the dynamic sales at the end of the year, the current operating margin is set to be very slightly above the all-time high achieved in 2012 (32.1%).