HERMÈS - 2020 Universal registration document

5

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

2019

Europe (excl. France)

Asia-Pacific (excl. Japan)

France

Japan

Americas

Other

Holding

Total

In millions of euros

Revenue

867.3 1,201.9 864.0 2,589.6

1,240.7 120.0

-

6,883.4 2,338.9

Recurring operating income Recurring operating profitability by segment Other non-recurring income and expenses

312.7

343.6 318.5 1,079.9

427.6

33.8 (177.3)

36.1% 28.6% 36.9%

41.7%

34.5% 28.1%

34.0%

-

-

-

-

-

-

-

-

Operating income

312.7 186.8

343.6 318.5 1,079.9

427.6

33.8 (177.3)

2,338.9

Operating investments Non-current assets 1

44.7

22.2

128.1 602.9

75.0

-

21.1

478.0

1,124.8

420.1 202.6

521.1

33.2

27.9 2,932.6

Non-current assets other than financial instruments and deferred tax assets. (1)

Revenue by métiers 4.2 The distribution of revenue by métiers is as follows:

Change at current exchange rate

Change at constant exchange rate

2020

2019

In millions of euros

Leather Goods & Saddlery Ready-to-wear and Accessories

3,209.2 1,408.9

3,414.3 1,574.2

(6.0)%

(4.8)% (9.2)%

(10.5)% (23.7)%

Silk and Textiles

452.0 642.6 263.2 195.9 217.7

592.5 524.9 325.9 193.4 258.2

(22.8)%

Other Hermès sectors

22.4%

23.9%

Perfumes Watches

(19.2)%

(19.0)%

1.3%

2.3%

Other products

(15.7)%

(15.3)%

REVENUE

6,389.4

6,883.4

(7.2)%

(6.0)%

COST OF SALES

NOTE 5

Cost of sales mainly comprises purchases, the cost of labour for production, the portion of depreciation that is allocated to the production cost, impairment of inventories, losses on inventories and variable selling expenses.

SALES AND ADMINISTRATIVE EXPENSES

NOTE 6

2020

2019

In millions of euros Communication

(278.7)

(356.9)

Other sales and administrative expenses

(1,419.8) (1,698.5)

(1,458.7) (1,815.7)

TOTAL

370 2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL