Financials Hermès International

Equities

Real-time Euronext Paris Other stock markets 07:16:20 24/06/2025 pm IST			5-day change	1st Jan Change
2,274.00 ^EUR	+0.44%		-0.96%	-2.15%

19/06	HERMES : Berenberg gives a Buy rating	ZD
18/06	Israel launches airlift to bring home stranded citizens after Iran strikes	RE

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	6,390	8,982	11,602	13,427	15,170	16,610	18,295	20,217
Change	-	40.56%	29.17%	15.73%	12.98%	9.49%	10.14%	10.5%
EBITDA ¹	2,252	3,842	5,304	6,422	6,994	7,475	8,315	9,256
Change	-	70.57%	38.05%	21.08%	8.91%	6.88%	11.23%	11.31%
EBIT ¹	1,981	3,530	4,697	5,650	6,150	6,660	7,424	8,289
Change	-	78.16%	33.06%	20.29%	8.85%	8.29%	11.48%	11.64%
Interest Paid ¹	-86.1	-96	-62	190	283	-198.3	-231	-60
Earnings before Tax (EBT) ¹	1,986	3,435	4,635	5,840	6,432	6,945	7,694	8,630
Change	-	72.93%	34.93%	26%	10.14%	7.98%	10.78%	12.18%
Net income ¹	1,390	2,445	3,367	4,311	4,603	4,733	5,506	6,199
Change	-	75.9%	37.71%	28.04%	6.77%	2.82%	16.34%	12.59%
Announcement Date	19/02/21	18/02/22	17/02/23	09/02/24	14/02/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	1,506	982.5	1,800	2,100	2,084	2,151	2,367	2,380	2,765	2,710	3,136	2,991	3,380	3,318	3,365	3,364	3,805	3,699	3,704	3,962	4,129	3,906	3,977	4,219
Change	-	-34.74%	83.24%	16.65%	-0.78%	3.24%	10.03%	0.55%	16.18%	-1.99%	15.72%	-4.62%	13.01%	-1.83%	1.42%	-0.03%	13.11%	-2.79%	0.14%	6.97%	4.22%	-5.4%	1.82%	6.08%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,750	-	-	-	-	-	-	-	3,213	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	30/04/20	30/07/20	22/10/20	19/02/21	22/04/21	30/07/21	21/10/21	18/02/22	14/04/22	29/07/22	20/10/22	17/02/23	14/04/23	28/07/23	24/10/23	09/02/24	25/04/24	25/07/24	24/10/24	14/02/25	17/04/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	3,902	4,235	4,235	5,475	6,127	6,698	6,729	7,504	7,666	8,038	8,230
Change	-	8.53%	0%	29.28%	11.91%	9.32%	0.46%	11.52%	2.16%	4.85%	2.39%
EBITDA	-	-	-	2,591	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	1,446	1,722	1,722	2,304	2,393	2,947	2,703	3,148	3,002	3,249	3,213
Change	-	19.05%	0%	33.8%	3.86%	23.15%	-8.28%	16.46%	-4.64%	8.23%	-1.11%
Charge d'intérêts	-42.7	-	-49	-35	-27	75	-	-	-	-	-
Earnings before Tax (EBT) ¹	1,495	-	1,760	2,270	2,365	3,021	2,819	3,289	3,143	3,612	3,691
Change	-	-	-	28.96%	4.19%	27.74%	-6.69%	16.67%	-4.44%	14.92%	2.19%
Net income ¹	1,050	1,174	1,174	1,641	1,726	2,226	2,085	2,368	2,235	2,638	2,600
Change	-	11.77%	0%	39.78%	5.18%	28.97%	-6.33%	13.57%	-5.62%	18.03%	-1.44%
Announcement Date	19/02/21	30/07/21	18/02/22	29/07/22	17/02/23	28/07/23	09/02/24	25/07/24	14/02/25	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-4,717	-6,671	-9,188	-8,565	-9,468	-12,369	-14,860	-17,638
Change	-	-41.42%	-37.73%	6.78%	-10.54%	-30.64%	-20.14%	-18.69%
Announcement Date	19/02/21	18/02/22	17/02/23	09/02/24	14/02/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	448.4	532	518	859	1,067	970.5	1,011	1,066
Change	-	18.64%	-2.63%	65.83%	24.21%	-9.04%	4.14%	5.46%
Free Cash Flow (FCF) ¹	1,194	2,873	3,666	3,469	4,072	4,284	5,170	5,898
Change	-	140.62%	27.6%	-5.37%	17.38%	5.21%	20.68%	14.09%
Announcement Date	19/02/21	18/02/22	17/02/23	09/02/24	14/02/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	35.25%	42.77%	45.72%	47.83%	46.1%	45%	45.45%	45.78%
EBIT Margin (%)	31.01%	39.3%	40.48%	42.08%	40.54%	40.09%	40.58%	41%
EBT Margin (%)	31.09%	38.24%	39.95%	43.49%	42.4%	41.81%	42.05%	42.69%
Net margin (%)	21.75%	27.22%	29.02%	32.11%	30.34%	28.49%	30.1%	30.67%
FCF margin (%)	18.69%	31.99%	31.6%	25.84%	26.84%	25.79%	28.26%	29.18%
FCF / Net Income (%)	85.9%	117.51%	108.88%	80.47%	88.46%	90.52%	93.89%	95.14%
Profitability
ROA	13.24%	19.64%	21.51%	22.75%	21.15%	19.43%	19.81%	19.65%
ROE	19.86%	29.14%	30.83%	31.19%	28.3%	25.36%	25.93%	25.02%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	7.02%	5.92%	4.46%	6.4%	7.03%	5.84%	5.52%	5.27%
CAPEX / EBITDA (%)	19.91%	13.85%	9.77%	13.38%	15.26%	12.98%	12.16%	11.52%
CAPEX / FCF (%)	37.55%	18.52%	14.13%	24.76%	26.2%	22.65%	19.55%	18.07%
Items per share
Cash flow per share ¹	15.66	32.45	39.87	41.28	48.98	50.35	57	63.37
Change	-	107.2%	22.88%	3.53%	18.65%	2.81%	13.2%	11.18%
Dividend per Share ¹	4.55	8	13	25	16	20	24.14	26.54
Change	-	75.82%	62.5%	92.31%	-36%	25.02%	20.68%	9.94%
Book Value Per Share ¹	69.91	89.04	119	145.1	165.1	183.3	215	252.2
Change	-	27.37%	33.65%	21.97%	13.78%	11%	17.31%	17.27%
EPS ¹	13.21	23.3	32.09	41.12	43.87	44.95	52.39	58.88
Change	-	76.38%	37.73%	28.14%	6.69%	2.47%	16.54%	12.39%
Nbr of stocks (in thousands)	1,04,601	1,04,644	1,04,536	1,04,539	1,04,731	1,04,864	1,04,864	1,04,864
Announcement Date	19/02/21	18/02/22	17/02/23	09/02/24	14/02/25	-	-	-