For the year up to the end of September 2023, consolidated revenue was up by 22% year-on-year at constant exchange rates to €10.06 billion (17% at current exchange rates).

In this period, Hermès reported growth of 22% for its stores, while wholesale activities were up by 23%.

Regionally, Asia (excluding Japan) continued momentum with growth of 21%, with strong performances in Greater China, Singapore, Thailand, Australia and South Korea. Japan was up by 25% and Hermès Japan celebrated its 40th anniversary in September.

The Americas achieved growth of 20% while Europe (excluding France) had an increase of 20% in sales and the company’s home market of France was up by 22%.

Hermès’ Leather Goods and Saddlery business line reported growth of 19%, reportedly benefiting from sustained demand and high desirability. Meanwhile, the Ready-to-Wear and Accessories business line was up by 29% and Watches had growth of 24%.

Axel Dumas, Executive Chairman of Hermès, said: “The solid performance in the third quarter reflects the desirability of our collections all over the world, with still a sustained momentum in Asia and in the Americas. More than ever, in an uncertain global environment, we are reinforcing our investments and our teams to support growth.”