Hermès // CSR Extract 2023

5

CONSOLIDATED FINANCIAL STATEMENTS AFR 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

2023

2022

In millions of euros

Revenue

3 and 4

13,427

11,602

Cost of sales

4

(3,720)

(3,389)

Gross margin

9,708

8,213

Sales and administrative expenses

4.2

(3,169)

(2,680)

Other income and expenses

4.3

(889)

(836)

Recurring operating income

3

5,650

4,697

Other non‑recurring income and expenses

-

-

Operating income

3

5,650

4,697

Net financial income

9.1

190

(62)

Net income before tax

5,840

4,635

Income tax

6

(1,623)

(1,305)

Net income from associates

8

105

50

CONSOLIDATED NET INCOME

4,322

3,380

Non‑controlling interests

(12)

(13)

NET INCOME ATTRIBUTABLE TO OWNERS OF THE PARENT

4,311

3,367

Basic earnings per share in euros

11.6

41.19

32.20

Diluted earnings per share in euros

11.6

41.12

32.09

5.2 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

Notes

2023

2022

In millions of euros

Consolidated net income

4,322

3,380

1

Changes in foreign currency adjustments

11.5

(114)

126

1 2

Hedges of future cash flows in foreign currencies

11.5

7

129

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

69

23

(63)

106

11.5

-

333

2

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

11.5

10

41

Net comprehensive income

4,225

4,009

attributable to owners of the parent s attributable to non‑controlling interests s (1) Transferable through profit or loss (2) Net of tax

4,213

3,996

13

14

2023 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL EXTRACT FROM 2023 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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