Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT

PRESENTATION OF THE GROUP AND ITS RESULTS REVENUE AND ACTIVITY BY MÉTIER

Lastly, an exceptional gift enlivened the year‑end festivities: the re‑edition of the Poudre d’orfèvre , a compact embossed with the Hermès Ex‑libris and adding a sparkling finishing touch.

1.6.5.2 It was also in October that Hermès’ first perfume for children, Cabriole , was born. An alcohol‑free scented water that Christine Nagel wanted to subtly evoke the apricot scent of a child’s cheek. A joyful and surprising creation, where the tenderness of osmanthus and the freshness of honeysuckle join the natural elegance of sandalwood. At the end of the year, the Fêtes en Hermès boxes featured the design of the Cheval de fête scarf to celebrate renewed conviviality. BEAUTY During its third year of activity, the Hermès Beauty métier confirmed its rapid growth through exclusive distribution. 2022 was marked by two limited editions of Rouge Hermès , the appearance of Hermèsistible perfumed lip oils, and the launch of Hermès Plein Air , a new chapter dedicated to complexion. Fashion accessories in their own right and dancing to the same seasonal rhythm, the Rouge Hermès limited editions have renewed interest in this essential make‑up item. For spring‑summer, three new refillable beauty objects, inspired by the ephemeral sensations of a garden of colour, water and light, projected their impressionist pop colour palette, a mix of vivid expanses of pink, green and orange and soft and meditative blue ranges. For fall‑winter, the Rouge Hermès limited edition combined lipstick and nail enamel for the first time, around a flamboyant palette inspired by the glow of molten metal. A fiery trio of unique reds with a dazzling matte finish rubbed shoulders with a duo of nail enamel in deep shades of grey and purple with a metallic finish. In addition to these limited editions, a second structuring line for the métier was born with Hermès Plein Air . This new chapter dedicated to the complexion offers a ritual that enhances the natural beauty of the skin. An unequivocal expression of beauty driven by well‑being and movement, and a powerful connection with nature, Hermès Plein Air has found its place in the history of a House that has been equipping women to enjoy outdoor life since the 1920's. Presented by Gregoris Pyrpylis, the new Creative Director of Beauty, Hermès Plein Air embodies a singular approach that does not seek to hide the skin, but frees it, offering a breath of fresh air. A hybrid proposal between skincare and make‑up, which embellishes the skin with freshness and lightness. The collection includes a natural perfecting complexion balm, available in 12 shades to transparently enhance all skin tones, from the lightest to the darkest. Two highlighting powders, one with a mattifying effect, the other for a radiant shine, a powder brush and silky mattifying blotting papers, complete the ritual. This approach won over the press and influencers around the world and was enthusiastically welcomed by customers, particularly in Asia. In the spring, the Hermèsistible collection gave the métier a playful boost. Composed of six lip care oils, infused with different scents, colours and flavours, this proposal immediately won hearts. Its irresistible sensory associations celebrate the House’s characteristic “taste for colour” and bring naturalness and joy to the beauty of lips. Activity was supported throughout the year by a comprehensive communication plan and major media campaigns, with equal weight given to the two structuring lines, Rouge and Plein Air .

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WATCHES

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With consolidated revenue of €519 million in 2022, the Watches division represents 4 % of the Group’s sales. Established in Biel in 1978, Hermès has solidified its reputation as a watchmaker in less than 50 years, employing more than 300 people in its manufacturing division in Switzerland. Hermès now manufactures almost all of its watches, movements and components in‑house. Its resolutely Parisian creativity affirms its unique style, which is invigorated by the other métiers in the House. Its savoir‑faire increasingly gives Hermès a singular voice in the watch industry. Following spectacular growth in 2021, sales continued to grow at a high pace in 2022, thanks to the dynamism of all markets. The distribution of watches is mainly carried out by Hermès stores, with sales through external multi‑brand stores now reduced to a very select number of retailers. In April, Hermès exhibited its new products at the Watches and Wonders trade show in Geneva. The métier teams were able to welcome media and customers from all over the world. Live broadcasts presented the latest products to journalists who were unable to travel on account of the health situation. Once again, Hermès powerfully expressed the originality of its vision within the restricted circle of haute horlogerie players, by affirming its territory of expression: a unique relationship with time, full of fantasy and emotion, a time with which we play without wanting to control it. This message was supported by the Le Temps, un objet Hermès press, billboard and digital advertising campaign. The main launch of 2022 was unveiled in Geneva: Hermès presented its new complication, Le temps voyageur , in the Arceau line. This innovative object was awarded two Grands Prix de l’Horlogerie de Genève in November 2022, in the “Ladies' complication watch prize” and “Men's complication watch prize” categories. The ambition of Le temps voyageur is to renew a classic watchmaking complication, the GMT (or second time zone), and take it to a new dimension. Thus, this watch hides its GMT function under an aesthetic inspired by universal hours, and invites its owner on a dual journey. First of all, a very concrete journey, with an extremely practical and functional complication, which accompanies the wearer from one country to another; but also a more dreamlike escape to the heart of a fantasy world, the Planisphère d'un monde équestre (mapping of an equestrian world) that adorns the dial, with its continents, rivers and mountains inspired by the world of horses. To make the journey even more fun, Hermès has innovated technically by proposing an original mechanism: the hours and minutes in local time are housed in a small satellite, which gravitates around the dial on demand. 24 place names indicate the 24 time zones, some of which are unusual and surprising. All the traveller needs to do is position the satellite on his place of arrival and the local time automatically adapts, the original time remaining frozen in a window above the dial. As playful as it is useful, this complication is available in three versions and two diameters, in steel (38 mm) and titanium‑platinum (41 mm).

2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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