HERMÈS - 2019 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

EARNINGS PER SHARE

NOTE 11

The calculation and reconciliation of basic earnings per share and diluted earnings per share is as follows:

2019

2018 restated

Numerator (in millions of euros) Net profit attributable to owners of the parent

1,528.2

1,405.5

Denominator (in number of shares) Average number of shares outstanding during the financial year Average number of treasury shares during the financial year

105,569,412 (1,336,179) 104,233,233

105,569,412 (1,342,335) 104,227,077

Average number of shares before dilution

Earnings per share in euros Dilutive effect of free share plans

14.66

13.48

822,098

652,740

Average number of shares after dilution Diluted earnings per share (in euros)

105,055,331

104,879,817

14.55

13.40

Average share price

€607.44

€509.85

GOODWILL

NOTE 12

Exchange rate impact

31/12/2018

Increases

Decreases

Other 31/12/2019

In millions of euros

Goodwill

139.8 139.8

- -

- - - - -

1.4 1.4 0.8 0.1 0.9 0.5

- -

141.2 141.2

TOTAL GROSS VALUES

Amortisation recognised before 1 January 2004

31.6 92.5

32.4 92.6

Impairment losses

- - -

TOTAL AMORTISATION AND IMPAIRMENT

124.1

- -

125.0

5

TOTAL NET VALUES

15.7

0.0

16.2

INTANGIBLE ASSETS

NOTE 13

Exchange rate impact

31/12/2018 restated

Increases 1

Decreases

Other 31/12/2019

In millions of euros

Concessions, patents, licences and software

279.4 141.2

60.4

(0.4)

0.8 3.1

16.1 (1.1)

356.2 136.3

Other intangible assets Assets under construction TOTAL GROSS VALUES

6.0

(12.9)

22.0

28.3 94.7

-

-

(17.5)

32.8

442.6

(13.3)

3.9

(2.6)

525.3

Amortisation of concessions, patents, licences and software

175.6 110.9

40.8

(0.4)

0.6 2.8 0.1 3.5 0.4

0.8

217.5 103.4

Amortisation of other intangible assets

5.6 6.6

(12.5)

(3.4)

Impairment losses

14.0

(0.4)

-

20.3

TOTAL AMORTISATION AND IMPAIRMENT

300.5 142.1

53.0 41.7

(13.3)

(2.6)

341.2 184.1

TOTAL NET VALUES

(0.0)

0.0

Investments mainly concern the acquisition, implementation and/or development of software and ERP. (1)

2019 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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