Hermès International Société en commandite par actions Full Year 2023 Earnings: EPS Beats Expectations

Hermès International Société en commandite par actions (EPA:RMS) Full Year 2023 Results

Key Financial Results

• Revenue: €13.4b (up 16% from FY 2022).
• Net income: €4.31b (up 28% from FY 2022).
• Profit margin: 32% (up from 29% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: €41.20 (up from €32.20 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hermès International Société en commandite par actions EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.8%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe.

Performance of the market in France.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Hermès International Société en commandite par actions' balance sheet and an in-depth analysis of the company's financial position.

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