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Hermès International Société en commandite par actions (RMS.PA)

Paris - Paris Delayed Price. Currency in EUR
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1,073.00+4.50 (+0.42%)
At close: 5:36PM CEST
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Neutralpattern detected
Previous Close1,068.50
Open1,078.00
Bid0.00 x 0
Ask0.00 x 0
Day's Range1,059.50 - 1,078.00
52 Week Range611.00 - 1,078.00
Volume55,968
Avg. Volume49,759
Market Cap112.242B
Beta (5Y Monthly)0.40
PE Ratio (TTM)81.23
EPS (TTM)13.21
Earnings DateFeb 19, 2021
Forward Dividend & Yield4.55 (0.43%)
Ex-Dividend DateMay 06, 2021
1y Target Est498.46
  • Hermes International : Release on 1st quarter 2021 sales
    GlobeNewswire

    Hermes International : Release on 1st quarter 2021 sales

    HERMÈS Quarterly information report as at the end of March 2021 Robust sales growth in the first quarter: +44% vs 2020 and +33% vs 2019 at constant exchange rates Paris, 22 April 2021 In the first quarter of 2021, the group's consolidated revenue amounted to €2,084 million (+44% at constant exchange rates and +38% at current exchange rates), thanks to an outstanding performance in Asia and Japan, the upturn in America and a good resistance in Europe. The organic revenue growth was +33% compared to the first quarter of 2019. Axel Dumas, Executive Chairman of Hermès, said:"I would like to thank our employees who, for a year now, have been showing great courage and unfailing commitment. In a still unstable context, our strong sales growth confirms the robustness of our sustainable artisanal model and the desirability of our collections to our customers all over the world.” Sales by geographical area at the end of March (at constant exchange rates unless otherwise indicated) The first quarter of 2021 confirmed the acceleration in sales in the group’s stores, with a strong growth of +51% compared to 2020, and of +41% compared to the first quarter of 2019. The network continued to develop with the openings and extensions of stores, and thanks to growing online sales worldwide. Wholesale activities (-2%) remain penalised particularly by travel retail. Asia excluding Japan (+94%) achieved an excellent performance throughout the geographical area, driven by highly dynamic activity in Greater China and sustained activity in Korea, Thailand, Singapore and Australia. The event around the men’s universe, organised in Shanghai late March, revealed to our clients the backstage of the 2021 Spring/Summer collection. Japan (+20%) confirmed again a sound growth notably due to the loyalty of local customers despite the sanitary state-of-emergency measures. A new store was successfully opened in Tokyo in February on Omotesando Avenue, a new neighbourhood for the house. America (+23%) returned to growth which started at the end of 2020 and completed a good first quarter despite local constraints. Europe excluding France (-1%) and France (-9%) are still penalised by new restrictions during the first quarter and by store closures in several countries, especially in the United Kingdom, Germany and Switzerland. The drop in tourist traffic was partly offset by the loyalty of local customers and strong growth in online sales. The Lyon store reopened in February after renovation, followed early March by the store on rue de Sèvres in an unsual space, the former swimming pool of the Lutetia hotel in Paris. Sales by business line at the end of March (at constant exchange rates unless otherwise indicated) At the end of March 2021, all the business lines returned to growth, with a remarkable increase intheReady-to-Wear and Accessories division, Watches and Other Hermès Business Lines. In the Leather Goods and Saddlery division (+34%), sales accelerated in the first quarter, driven by the strong deliveries made at year end. The Victoria bag, combining leather and canvas with an innovative material, Sylvania, made out of Fine Mycelium, completed the collections. The increase in production capacities continues, with the opening of the sites in Guyenne (Gironde) and Montereau (Seine-et-Marne) this year, the Louviers site (Eure) scheduled for 2022, the new site in Ardennes for 2023 and the second production site in Auvergne for 2024. Hermès continues to strengthen its local presence in France and job creation. The Ready-to-Wear and Accessories division (+51%) pursued its strong dynamic, thanks to the success of the ready-to-wear and fashion accessories collections. Thewomen’s Autumn-Winter 2021 fashion show was staged in digital format in three acts from New York, Paris and Shanghai in Marchand The fashion show was met with great appreciation from the public, as well as the men’s collection unveiled in January. The Silk and Textiles business line (+34%) progressed well, thanks to the diversity of creations, materials and formats that have met with great success with our customers, particularly in Asia. Perfumes and Beauty (+21%) posted growth and benefited from the launch in February of the new men’s perfume H24. The lipstick range continued to develop, with the Spring-Summer 2021 limited edition. Watches (+96%) performed exceedingly well in the first quarter, reflecting the house’s technical watch-making expertise and creativity of the collections. The new men's watch H08, with a sporty design and geometrical lines, was presented at the Watches and Wonders international fair in Geneva in April. The Other Hermès business lines (+93%) confirmed their momentum, thanks to Homeware and Jewellery. The new high jewellery collection Lignes sensibles was unveiled at the Faubourg Saint Honoré store at the beginning of the year. Other highlights At the end of March 2021, currency fluctuations represented a negative impact on revenue of €79 million. Outlook For 2021, the impacts of the Covid-19 epidemic are currently difficult to assess, as the scale, duration and geographic extent of the crisis evolve every day. Our highly integrated craftsmanship model and balanced distribution network, as well as the creativity of our collections and our customers’ loyalty, give us confidence in the future. The Group remains highly engaged and active, by gradually adapting measures to those taken by health and public authorities. In the medium-term, despite the economic, geopolitical and monetary uncertainties around the world, the Group confirms an ambitious goal for revenue growth at constant exchange rates. The odysseyis be the theme in 2021 as Hermès continues its journey with confidence, braving the uncertainties of the world, ever true to its identity. Thanks to its unique business model, Hermès is pursuing its long-term development strategy based on creativity, maintaining control over know-how and singular communication. The press release on Revenue at the end of March 2021 is available on the Group's website: https://finance.hermes.com. Upcoming events: 4 May 2021: General Meeting of Shareholders30 July 2021: H1 2021 results publication21 October 2021: Q3 2021 revenue publication REVENUE BY GEOGRAPHICAL AREA (a) 1st quarterEvolutions /2020Evolutions /2019In millions of euros 20212020PublishedAt constant exchange ratesAt constant exchange ratesFrance 153.1168.9(9.3)%(9.3)%(17.2)%Europe (excl. France) 227.9234.7(2.9)%(0.8)%(11.6)%Total Europe 381.0403.5(5.6)%(4.4)%(13.9)%Japan 241.1213.612.9%20.0%20.6%Asia-Pacific (excl. Japan) 1,130.1600.988.1%93.6%76.4%Total Asia 1,371.3814.568.4%74.3%63.2%Americas 290.9258.512.6%22.6%14.7%Other 40.629.039.7%40.1%20.9%TOTAL 2,083.71,505.538.4%43.7%32.8% (a) Sales by destination. Informations par métier 1st quarterEvolutions /2020Evolutions /2019In millions of euros 20212020PublishedAt constant exchange ratesAt constant exchange ratesLeather Goods and Saddlery 1 987.9771.128.1%33.6%25.7%Ready-to-Wear and Accessories 2 473.4325.845.3%50.9%35.1%Silk and Textiles 148.4115.029.0%33.9%8.5%Other Hermès sectors 3 228.3122.985.8%92.8%100.6%Perfumes and Beauty 98.982.120.5%21.4%17.5%Watches 78.141.090.3%96.5%83.8%Other products 4 68.747.744.0%46.4%23.3%TOTAL 2,083.71,505.538.4%43.7%32.8% 1 The “Leather Goods and Saddlery” business line includes bags, riding, diaries and small leather goods. 2 The “Ready-to-wear and Accessories” business line includes Hermès Ready-to-wear for men and women, belts, costume jewellery, gloves, hats and shoes. 3 The “Other Hermès business lines” include Jewellery and Hermès home products (Art of Living and Hermès Tableware). 4 The “Other products” include the production activities carried out on behalf of non-group brands (textile printing, tanning…), as well as the John Lobb, Saint-Louis and Puiforcat. REMINDER – KEY FIGURES In millions of euros20202019 Revenue6,3896,883Growth at current exchange rates vs. n-1-7.2 %15.4 %Growth at constant exchange rates vs. n-1 (1)-6.0 %12.4 % Recurring operating income (2)1,9812,339As a % of revenue31.0 %34.0 % Operating income2,0732,339As a % of revenue32.4 %34.0 % Net profit – Group share1,3851,528As a % of revenue21.7 %22.2 % Operating cash flows1,9932,063 Investments (excluding financial investments)448478 Adjusted free cash flow (3)9951,406 Equity – Group share7,3806,568 Net cash position (4)4,7174,372 Restated net cash position (5)4,9044,562 Workforce (number of employees)16,60015,417 (1) Growth at constant exchange rates is calculated by applying the average exchange rates of the previous period to the current period's revenue, for each currency. (2) Recurring operating income is one of the main performance indicators monitored by the group's General Management. It corresponds to the operating income excluding non-recurring items having a significant impact likely to affect the understanding of the group's economic performance. (3) Adjusted free cash flow corresponds to the sum of operating cash flows and change in working capital requirement, less operating investments and repayment of lease liabilities, as per IFRS cash flow statement. (4) The net cash position includes cash and cash equivalents on the asset side of the balance sheet, less bank overdrafts presented within the short-term borrowings and financial liabilities on the liability side of the balance sheet. It does not include lease liabilities recognised in accordance with IFRS 16. (5) The restated net cash position corresponds to the net cash position, plus cash investments that do not meet IFRS criteria for cash equivalents as a result of their original maturity of more than three months, minus borrowings and financial liabilities. The press release and the presentation of the 2020 results are available on the group's website: https://finance.hermes.com The complete consolidated financial statements are available at https://finance.hermes.com and on the AMF website: www.amf-france.org. Attachment hermes_20210422_ca1t_en

  • Hermès International : Shares and voting rights as of 31 March 2021
    GlobeNewswire

    Hermès International : Shares and voting rights as of 31 March 2021

    RELEASE Paris, April 13, 2021 6 p.m. INFORMATION RELATING TO THE TOTAL NUMBER OF VOTING RIGHTS AND SHARES COMPRISING THE SHARE CAPITAL In accordance with the provisions of Article L. 233-8 of the French Commercial Code (Code de commerce) and Article 223-16 of the General Regulations of French Autorité des Marchés Financiers (AMF), Hermès international publishes each month, before the 15th day of the following month, the total number of voting rights and the number of shares comprising the share capital if they have varied from those previously published. Date Total number of shares Total number of theoretical voting rights (including treasury stock) Total number of effective voting rights (exercisable at shareholders’ meetings) Publications 31 March 2021 105 569 412 177 789 001 176 825 696 13 April 2021 28 February 2021 105 569 412 177 738 640 176 775 017 9 March 2021 31 January 2021 105 569 412 177 732 981 176 765 838 8 February 2021 31 December 2020 105 569 412 177 762 999 176 796 206 8 January 2021 30 November 2020 105 569 412 177 793 683 176 825 376 8 December 2020 31 October 2020 105 569 412 177 797 393 176 831 125 12 November 2020 30 September 2020 105 569 412 177 657 510 176 688 492 8 October 2020 31 August 2020 105 569 412 177 660 861 176 692 226 10 September 2020 31 July 2020 105 569 412 177 663 549 176 691 790 11 August 2020 30 June 2020 105 569 412 177 663 663 176 694 899 11 July 2020 31 May 2020 105 569 412 177 671 725 176 298 189 11 June 2020 30 April 2020 105 569 412 177 371 899 175 988 012 12 May 2020 31 March 2020 105 569 412 177 385 889 176 004 131 14 April 2020 29 February 2020 105 569 412 178 148 779 176 773 175 9 March 2020 31 January 2020 105 569 412 178 118 639 176 749 291 14 February 2020 31 December 2019 105 569 412 178 108 521 176 746 892 14 January 2020 30 November 2019 105 569 412 178 063 668 176 708 247 12 December 2019 31 October 2019 105 569 412 178 065 620 176 716 214 14 Novembre 2019 30 September 2019 105 569 412 178 068 436 176 725 233 14 October 2019 31 August 2019 105 569 412 178 070 314 176 731 799 13 September 2019 31 July 2019 105 569 412 178 071 327 176 733 026 7 August 2019 30 June 2019 105 569 412 178 073 631 176 742 506 9 July 2019 31 May 2019 105 569 412 178 186 716 176 864 008 14 June 2019 30 April 2019 105 569 412 178 231 861 176 904 626 13 May 2019 31 March 2019 105 569 412 178 235 213 176 907 632 11 April 2019 28 February 2019 105 569 412 178 236 297 176 915 2018 14 March 2019 31 January 2019 105 569 412 178 238 767 176 920 826 7 February 2019 31 December 2018 105 569 412 177 354 174 176 036 795 10 January 2019 30 November 2018 105 569 412 175 147 721 173 830 058 7 December 2018 31 October 2018 105 569 412 175 147 522 173 832 304 9 November 2018 30 September 2018 105 569 412 175 138 169 173 830 756 12 October 2018 31 August 2018 105 569 412 175 138 358 173 833 834 14 September 2018 31 July 2018 105 569 412 175 128 042 173 825 032 9 August 2018 30 June 2018 105 569 412 175 132 569 173 831 353 12 July 2018 31 May 2018 105 569 412 174 925 618 173 652 271 15 June 2018 30 April 2018 105 569 412 174 923 889 173 508 051 15 May 2018 31 March 2018 105 569 412 174 946 378 173 529 101 12 April 2018 28 February 2018 105 569 412 174 946 564 173 529 664 15 March 2018 31 January 2018 105 569 412 174 907 134 173 489 814 15 February 2018 31 December 2017 105 569 412 174 840 779 173 425 158 15 January 2018 30 November 2017 105 569 412 174 128 500 172 714 094 15 December 2017 31 October 2017 105 569 412 174 126 106 172 838 064 14 November 2017 30 September 2017 105 569 412 174 092 529 173 004 099 13 October 2017 31 August 2017 105 569 412 174 099 833 173 093 440 12 September 2017 31 July 2017 105 569 412 174 099 902 173 090 791 11 August 2017 30 June 2017 105 569 412 174 063 847 173 056 058 13 July 2017 31 May 2017 105 569 412 174 060 847 173 056 200 15 June 2017 30 April 2017 105 569 412 174 056 256 172 958 986 15 May 2017 31 March 2017 105 569 412 174 057 356 172 966 851 13 April 2017 Attachment hermes_20210413_droits_vote_en

  • Apple Considers Launching Rugged Watch for Extreme Sports
    Bloomberg

    Apple Considers Launching Rugged Watch for Extreme Sports

    (Bloomberg) -- Apple Inc. is considering launching an Apple Watch with a rugged casing aimed at athletes, hikers and others who use the device in more extreme environments, according to people familiar with the matter.The Cupertino, California-based technology giant has internally discussed introducing such a Watch variation later in 2021 or 2022 at the earliest, said the people, who asked not to be identified discussing private matters.This is at least the second time Apple has mulled a rugged smartwatch. After launching the first version of the Apple Watch in 2015, the company weighed a new model to better appeal to extreme sports athletes. The current version is still popular with runners, hikers, and swimmers, and Apple has added several sports and activity-tracking features via its annual update cycle. However, Casio Computer Co. and other watchmakers have seen strong sales from sturdier product designs with extra protection.If Apple goes ahead this time, the rugged version would be an additional model similar to how Apple offers a lower-cost option called the Apple Watch SE and special editions co-branded with Nike Inc. and Hermes International. Sometimes dubbed the “Explorer Edition” inside Apple, the product would have the same functionality as a standard Apple Watch but with extra impact-resistance and protection in the vein of Casio’s G-Shock watches.Read more about Casio’s G-Shock line here.The latest Apple Watch models are already water-resistant to 50 meters -- at the high end for most smartwatches. But Apple could make a new device more “rugged” by giving it a rubberized exterior that would be useful for environments where the current aluminum, titanium and stainless steel cases might be prone to damage.Development of the new Apple Watch variation could ultimately be canceled or delayed, the people familiar the matter said. An Apple spokeswoman declined to comment.Apple is also working on new swim tracking features for the Apple Watch. The company typically launches new models in September. Last year, it rolled out the lower-cost Apple Watch SE and added a faster processor and blood oxygen sensor with the Apple Watch Series 6.The Apple Watch has become one of Apple’s most important products, though the company does not disclose how much revenue it brings in. The device is part of the company’s wearables, home and accessories segment, which generated sales of more than $30 billion in its last fiscal year. That made it Apple’s most successful product category besides the iPhone. Apple had 40% of the smartwatch market in the final quarter of 2020, according to Counterpoint research.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.