HERMÈS - 2019 Universal Registration Document

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COMMENTS ON THE FINANCIAL YEAR AND OUTLOOK EXCEPTIONAL EVENTS

EXCEPTIONAL EVENTS

4.3

No exceptional events occurred in 2019.

INFORMATION ON THE PARENT COMPANY FINANCIAL STATEMENTS,

4.4

ON ACCOUNTS PAYABLE DUE DATES, SUBSIDIARIES AND ASSOCIATES

INFORMATION ON THE PARENT COMPANY FINANCIAL STATEMENTS The parent company financial statements as presented were approved by the Executive Management on 25 February 2020 and will be submitted to the shareholders for approval at the General Meeting of 24 April 2020. The parent company financial statements were also reviewed by the Audit and Risk Committee at its meeting of 24 March 2020. 4.4.1 Revenue amounted to €315.0 million in 2019, compared with €247.6 million in 2018. The Company’s revenue consists of sales of services that are charged back to Group subsidiaries for advertising and public relations, rent, staff provided on secondment, insurance and professional fees and of royalties on the revenue of the production subsidiaries. Hermès International’s statement of profit or loss and balance sheet appear on pages 352 to 353 and have been drawn up in accordance with the provisions of French laws and regulations and with generally accepted accounting principles. As at 31 December 2019, the balance sheet amounted to €5,729.3 million compared with €4,463.4 million as at 31 December 2018. The statement of profit or loss shows net profit of €1,653.1 million, compared with €1,238.5 million in 2018. As at 31 December 2019, share capital amounted to €53,840,400.12, divided into 105,569,412 shares with a par value of €0.51 each. REVENUE 4.4.1.1 BALANCE SHEET AND STATEMENT OF PROFIT 4.4.1.2 OR LOSS

INFORMATION ON ACCOUNTS PAYABLE DUE DATES In application of Articles L. 441-6-1, D. 441-4 and D. 823-7-1 of the French Commercial Code ( Code de commerce ), the breakdown of the balance of liabilities with respect to accounts payable by maturity is indicated in section 6.8 of this document on page 368. AND ASSOCIATES A list of companies whose headquarters is located in French territory and in which the Company owns a material interest, whether directly or indirectly, is provided in the notes to the parent company financial statements presented in chapter 6 (page 366). 4.4.2 INFORMATION ON SUBSIDIARIES 4.4.3

ACTIVITY OF SUBSIDIARIES

4.4.3.1

The activities of the main subsidiaries of the Group are shown on page 35.

EQUITY INVESTMENTS IN COMPANIES WITH HEADQUARTERS IN FRANCE (ARTICLE. L. 233-6 OF THE FRENCH COMMERCIAL CODE)

4.4.3.2

In 2019, Hermès International did not make any equity investments in companies with headquarters in France.

2019 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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