HERMÈS - 2019 Universal Registration Document

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OVERVIEW OF THE GROUP ACTIVITY BY GEOGRAPHIC AREA

VAUCHER MANUFACTURE FLEURIER

In October, on the occasion of its 10th anniversary, Shang Xia displayed its contemporary design collection in Shanghai and Beijing, to seize the finest essence of life and pursue the art of living.

1.5.8.4

La Montre Hermès holds a 25% share in the capital of Vaucher, the traditional watchmaking production unit. Located in the heart of traditional watchmaking territory, between Neuchâtel in Switzerland and the French border, the Vaucher production unit perpetuates superior know-how and produces high-end and prestige watch movements.

PARTNERSHIPS

1.5.8

FAUBOURG ITALIA

1.5.8.1

BETTINA

1.5.8.5

In addition to its tableware and art of living collections, Hermès offers a complete range for the home that includes furnishing fabrics and wallpapers. The latter are developed in partnership with the Italian fabric producer Dedar, which also controls international distribution. A joint subsidiary, named Faubourg Italia, was created in 2011. Hermès International holds 60% of its share capital.

Hermès holds a 40% share in the capital of Bettina, a long-standing partner of the Group. The company specialises in the production of twillaine, a unique blend of knit and silk, and operates in the ready-to-wear sector, but also in silk, textiles and the art of living.

MAISON PIERRE HARDY

1.5.8.6

J3L

1.5.8.2

Since 2016, Hermès has had a minority stake in the capital of Maison Pierre Hardy (33%) a French shoe and fashion accessory design company directed by Mr Pierre Hardy, its founder and Artistic Director.

Hermès holds 30% of the share capital of J3L, a long-standing French supplier to the Group, specialising in metal parts destined principally for leather goods and fashion accessories.

PERRIN & FILS

1.5.8.3

Holding Textile Hermès has a 39.5% stake in the share capital of Perrin & Fils. The Perrin Group specialises in weaving for a range of sectors as diverse as lingerie, furnishing fabrics, ready-to-wear and accessories.

ACTIVITY BY GEOGRAPHIC AREA

1.6 AFR

Changes

2019 Revenue in millions of euros

2018 Revenue in millions of euros

2019 mix in%

2018 mix in%

At current exchange rates

At constant exchange rates

Europe

2,069

30% 13% 17% 51% 13% 38% 18%

1,909

32% 13% 19% 49% 13% 36% 18%

8.4% 8.1% 8.6%

8.1% 8.1% 8.1%

867

802

France s

1,202 3,454

1,106 2,891

Europe (excl. France) s

Asia-Pacific

19.5% 15.5% 20.9% 17.2% 11.0% 15.4%

15.3%

Japan s

864

748

8.2%

2,590 1,241

2,142 1,059

17.8% 12.0% 10.9% 12.4%

Asia-Pacific (excluding Japan) s

Americas

Other

120

1%

108

1%

CONSOLIDATED REVENUE

6,883

100%

5,966

100%

2019 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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