News 
The group’s consolidated revenue reached €3,380 million in the first quarter of 2023, up 23% at constant exchange rates and 22% at current exchange rates. Sales were particularly dynamic in all the geographical areas and across all the business lines.
At the end of March, all the geographical areas posted strong growth. The network continued to develop, with store openings and extensions along with rising online sales. Sales increased strongly in group stores (+23% at constant exchange rates) and wholesale activities (+26%) benefitted from the recovery in travel retail.
Asia excluding Japan (+23%), driven by a very good Chinese New Year, pursued its strong momentum in Greater China and across the region, particularly in Singapore, Thailand, and Australia. Japan (+26%) recorded sustained growth, based on the loyalty of local customers. The Americas (+19%) posted a strong progression, thanks to the good momentum in the United States. Europe excluding France (+21%) and France (+28%) achieved very solid growth, particularly in the UK and Italy, driven by the increase in tourist flows.
At the end of March, all the business lines confirmed strong momentum and achieved excellent results. Watches (+25%) confirmed its outstanding performance, displaying creativity, style and remarkable watchmaking expertise in both the complication models like the Arceau Le temps voyageur, and the house’s classic models. The H08 line, which this year welcomes a new complication and coloured versions, was given a tremendous welcome at Watches and Wonders in Geneva.
True to its commitment as a responsible employer, Hermès gifted €4,000 to all its employees worldwide in February.
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.
April 27, 2023