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Hermès breaches €300bn market valuation as it outperforms rivals

Hermès reported an 18% rise in fourth-quarter sales, reaching €3.96 billion, driven by demand for luxury items like Birkin bags, which cost over $10,000.
Despite a downturn in the global luxury market, Hermès's leather goods division grew by 21.5%, significantly above the anticipated 13% increase.
Executives forecast continued revenue growth in 2025, citing strong customer loyalty despite economic uncertainties.
Axel Dumas, executive chairman, stated, 'We are celebrating an excellent year in a tougher environment,' indicating strong demand for luxury products.

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Channel News Asia

Hermes breaches €300 billion (S$421.71 billion) market valuation as it outperforms rivals

Maker of Birkin bags continues to exceed expectations in challenging luxury market.

8 days ago·Singapore

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Radio France Internationale

With rising financial results, the Hermès House defies the luxury crisis

The brand has just revealed historical financial results for 2024. Its turnover has increased by 13%, i.e. almost 15 billion euros and its net profit of 6.8%. While in 2024 the consumption of luxury products has clearly slowed down, the group does not seem to be concerned.

8 days ago·Paris, France

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Financial Times

Hermès breaches €300bn market valuation as it outperforms rivals

Maker of Birkin bags continues to exceed expectations in challenging luxury market

9 days ago·London, United Kingdom

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sherwood.news

Hermès tops earnings estimates, defying industry slowdown

Hermès stock rises 2% as American shoppers help fuel demand for the exclusive luxury purse....

9 days ago

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valeursactuelles.com

Hermès, a class apart

Positioned on the ultra-luxury segment, which is not sensitive to the economic situation, the famous saddler of the rue du Faubourg Saint-Honoré has greatly outperformed the sector last year thanks to an offer of iconic items still manufactured in a artisanal way and in limited quantity to maintain their rarity and desireability.

9 days ago

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Business Insider

Hermès stock is surging — and the Birkin bag maker is narrowing the gap with French rival LVMH

Hermès shares were up 4.2% in Paris on Friday morning.Kevork Djansezian/Getty ImagesHermès reported better-than-expected sales on Friday.Stock in the French luxury group is up 23% this year and its market cap touched 300 billion euros.Hermès' success contrasts with Gucci owner Kering, which is struggling with a sales slide.Hermès reported better-than-expected fourth-quarter results on Friday, sending its stock to a record high.The French luxury …

9 days ago·United States

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