Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT

5

CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED INCOME STATEMENT

Comments on the consolidated financial statements are set out in chapter 1 "Presentation of the Group and its results", §1.8.

5.1 CONSOLIDATED INCOME STATEMENT

Notes

2022

2021

In millions of euros

Revenue

3 and 4

11,602 (3,389)

8,982

Cost of sales Gross margin

4

(2,580)

8,213

6,402

Sales and administrative expenses

4.2 4.3

(2,680)

(2,137)

Other income and expenses Recurring operating income

(836) 4,697

(734) 3,530

3

Other non‑recurring income and expenses

-

-

Operating income Net financial income Net income before tax

3

4,697

3,530

9.1

(62)

(96)

4,635 (1,305)

3,435

Income tax

6 8

(1,015)

Net income from associates CONSOLIDATED NET INCOME

50

34

3,380

2,454

Non‑controlling interests

(13)

(8)

NET INCOME ATTRIBUTABLE TO OWNERS OF THE PARENT

3,367 32.20 32.09

2,445 23.37 23.30

Basic earnings per share (in euros) Diluted earnings per share (in euros)

11.6 11.6

5.2 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

Notes

2022

2021

In millions of euros

Consolidated net income

3,380

2,454

1

Changes in foreign currency adjustments Hedges of future cash flows in foreign currencies

11.5 11.5

126 129

141

1 2

(110)

Assets at fair value change in fair value s recycling through profit or loss s 2

23

(87) (23)

106 333

11.5

87

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

11.5

41

9

Net comprehensive income

4,009 3,996

2,582 2,573

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

14

9

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

2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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