Hermès // CSR Extract 2023
CORPORATE GOVERNANCE COMPENSATION AND BENEFITS OF CORPORATE OFFICERS
AMOUNT OF COMPENSATION USED WITH REFERENCE TO THE NUMERATOR 2023
2022
2021
2020
2019
1
€5,582,276 €4,486,458 €2,450,571 €1,866,465
€3,182,697 €1,279,003
€3,403,423 €1,381,933
€3,403,423 €1,381,933
MR AXEL DUMAS
1
ÉMILE HERMÈS SAS
€140,000
€140,000
€140,000
€140,000
€140,000
MR ÉRIC DE SEYNES
The Executive Chairmen waived more than 75% of the increase, provided for by the applicable compensation policy, in their fixed compensation for 2022 (“additional”). Thus, in 2022, the Executive Chairmen received actual fixed compensation up 10% from their actual fixed compensation for 2021. (1)
3.8.2.3.2 Presentation of ratios and annual change in compensation, the performance of the Company, the average compensation of employees and ratios
Mr Axel Dumas – Executive Chairman
2023
2022
2021
2020
2019
Change in total compensation paid during the financial year compared with the previous financial year Ratio compared with the average compensation of employees Change compared with the previous financial year Ratio compared with the median compensation of employees Change in % compared with the previous financial year Change in total compensation paid during the financial year compared with the previous financial year Ratio compared with the average compensation of employees Change compared with the previous financial year Ratio compared with the median compensation of employees Change in % compared with the previous financial year Change in total compensation paid during the financial year compared with the previous financial year Ratio compared with the average compensation of employees Change compared with the previous financial year Ratio compared with the median compensation of employees Change in % compared with the previous financial year Émile Hermès SAS – Executive Chairman Mr Éric de Seynes – Chairman of the Supervisory Board
24.4%
41.0%
- 6.5%
0,0%
10.0%
3
22 +5 points
17 0 point
17 -1 point
18 0 point
26 +4 points
53 +9 points
44 +10 points
34 -3 points
37 -1 point
38 +3 points
2023
2022
2021
2020
2019
31.3%
45.9%
- 7.4%
0,0%
10.0%
11 +2 points
9 +2 points
7 0 point
7 0 point
7 0 point
22 +4 points
18 +4 points
14 -1 point
15 0 point
15 +1 point
2023
2022
2021
2020
2019
0.0%
0,0%
0,0%
0,0%
0,0%
1 0 point
1 0 point
1 0 point
1 0 point
1 0 point
1 0 point
1 0 point
1 -1 point
2 0 point
2 0 point
Employees of the listed company
2023
2022
2021
2020
2019
Change in the average compensation compared with the previous financial year
9.0%
8.0%
- 3.8%
3.4%
10.4%
Group performance
2023
2022
2021
2020
2019
Change in consolidated revenue at constant rates
20.6% 26.9%
23.4% 35.1%
41.8% 73.2%
- 6.0%
12.4%
Change in consolidated net income before tax
- 12.4%
9.9%
periods, the portion relating to these allocations may lead to a certain variation in the average and median compensation of employees in the reference scope. The overall policy, and all of the components of the compensation awarded to employees of the listed company, and those of other Group entities in France and abroad, are presented and set out in chapter 2 “Corporate social responsibility and non‑financial performance”, § 2.2.2.6.
Explanatory notes on the employees The changes over the five financial years presented in the tables above take into account the overall change in payroll. The change in overall employee compensation also reflects (i) a positive dynamic of salary measures throughout the years presented, as well as (ii) the impact of allocations under employee shareholding plans and in particular the latest plan awarded on 15 June 2023. Depending on the plans and the respective duration of the vesting
2023 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL EXTRACT FROM 2023 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
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