Hermès // 2021 Universal Registration Document

1

PRESENTATION OF THE GROUP AND ITS RESULTS SIGNIFICANT EVENTS SINCE THE END OF THE FINANCIAL YEAR

SIGNIFICANT EVENTS SINCE THE END OF THE FINANCIAL YEAR

1.9 AFR

Due to the events in Europe, the Group has decided to temporarily close its stores in Russia and suspend all commercial activities from the evening of 4 March 2022. It should be noted that the Group has no activity in Ukraine and that its exposure to Russia is not material. In 2021, the Group’s revenue in Russia represented less than 1% of consolidated revenue and the net value of the Group’s assets located in Russia was less than 0.5% of consolidated net assets.

40 2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL