HERMÈS - 2020 Universal registration document

5

CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED INCOME STATEMENT

Comments on the consolidated financial statements are set out in section 1.8 "Comments on the consolidated financial statements" of chapter 1.

CONSOLIDATED INCOME STATEMENT

5.1

2020

2019

Notes

In millions of euros

Revenue

4 5

6,389.4 (2,013.3) 4,376.2 (1,698.5) (696.2) 1,981.4

6,883.4 (2,124.9) 4,758.5 (1,815.7) (604.0) 2,338.9

Cost of sales Gross margin

Sales and administrative expenses

6 7 4 8 4 9

Other income and expenses Recurring operating income

Other non-recurring income and expenses

91.1

-

Operating income Net financial income Net income before tax

2,072.5

2,338.9

(86.1)

(68.6)

1,986.4 (613.0)

2,270.3 (751.0)

Income tax

10 18

Net income from associates CONSOLIDATED NET INCOME

16.1

15.9

1,389.6

1,535.3

Non-controlling interests

24

(4.1)

(7.0)

NET INCOME ATTRIBUTABLE TO OWNERS OF THE PARENT

1,385.4

1,528.2

Earnings per share ( in euros)

11 11

13.27 13.21

14.66 14.55

Diluted earnings per share ( in euros)

N.B. The values shown in the tables are generally expressed in millions of euros. In certain cases, the effects of rounding up/down can lead to a slight discrepancy in the totals or changes.

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

5.2

2020

2019

Notes

In millions of euros

Consolidated net income

1,389.6 (103.0)

1,535.3

Changes in foreign currency adjustments 1

23.4 23.4

50.1

54.7 36.3 18.3

2.8

Hedges of future cash flows in foreign currencies 1 2

change in fair value s

(32.9)

35.7

recycling through profit or loss s

Assets at fair value 2

23.4 23.4

-

-

Employee benefit obligations: change in value linked to actuarial gains and losses 2

(1.8)

(36.0)

Net comprehensive income

1,339.4 1,337.2

1,552.2 1,544.4

attributable to owners of the parent s attributable to non-controlling interests s

2.2

7.7

Transferable through profit or loss. (1) Net of tax. (2)

354 2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL