Hermès International Société en commandite par actions Full Year 2024 Earnings: Beats Expectations

Hermès International Société en commandite par actions (EPA:RMS) Full Year 2024 Results

Key Financial Results

• Revenue: €15.2b (up 13% from FY 2023).
• Net income: €4.60b (up 6.8% from FY 2023).
• Profit margin: 30% (down from 32% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: €43.93 (up from €41.20 in FY 2023).

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

Hermès International Société en commandite par actions Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 3.1%.

The primary driver behind last 12 months revenue was the Asia-Pacific (Excluding Japan) segment contributing a total revenue of €6.65b (44% of total revenue). The largest operating expense was General & Administrative costs, amounting to €3.57b (59% of total expenses). Explore how RMS's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.7% 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 shares are up 4.9% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Hermès International Société en commandite par actions' balance sheet health.

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