Report
Jean Danjou

Hermès International : Toujours remarquable

>Croissance T4 à 23% et gain de marge de 90 pb sur le S2 : 2022 s’est achevé en fanfare - Hermès publie au titre de l’exercice 2022 un CA à 11 602 M€ en croissance de +23% y/y tcc et un EBIT à 4 697 M€, soit une marge à 40.5%. Nos prévisions étaient respectivement 11 406 M€ et 4 464 M€ (marge 39.1%) et le consensus Visible Alpha était à 11 427 M€ et 4 555 M€ (marge juste sous les 40%). Le CA annuel excède les attentes du consensus de 2% et l’écart atteint 3% au nivea...
Underlying
Hermes International SCA

Hermes International is engaged in the manufacture, sale, and distribution of luxury goods primarily in France, rest of Europe, Japan, Asia-Pacific, and Americas. Co.'s activities can be divided into two segments: the distribution via Co.'s exclusive network and the distribution via specialist outlets. The distribution via Co.'s exclusive network comprises silks and textiles, leather goods and saddlery, ready-to-wear and fashion accessories (men and women's clothing, belts, jewellery accessories, gloves, hats and shoes), and other goods (jewellery and products of the art of living department). The distribution via specialist outlets comprise perfumes, tableware and watches.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jean Danjou

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