Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

2022

Europe (excl. France)

Asia‑Pacific (excl. Japan)

France 1,064

Japan

America

Other Unallocated

Total

In millions of euros

Revenue

1,536 1,101

5,556 2,138

207

11,602

Recurring operating income Recurring operating profitability

411 39%

437

435

2,626

737

58

(6)

4,697

28% 40%

47% 34% 28%

40%

Other non‑recurring income and expenses

-

-

-

-

-

-

-

-

Operating income

411 254 906 219

437

435

2,626

737

58

(6) 36

4,697

Operating investments Non‑current assets Non‑current liabilities

40

20

83

85

-

518

430 319

219

931 488

925 663

35 1,629 5,075

92

-

198 1,978

Since 2021, “unallocated” operating income includes expenses related to free share plans, unallocated central costs and internal billings. All non‑current assets and liabilities included in the consolidated balance sheet are presented in the segment information, with the exception of deferred tax assets and liabilities. Non‑current assets mainly comprise property, plant and equipment and intangible assets, right‑of‑use assets and financial assets. “Unallocated” non‑current assets mainly include financial investments (see note 9.2). Non‑current liabilities include lease liabilities.

2021

Europe (excl. France)

Asia‑Pacific (excl. Japan)

France

Japan 977 380

America

Other Unallocated

Total

In millions of euros

Revenue

838 285 34% 285 234 886 206 -

1,303

4,251 1,458

156

8,982 3,530

Recurring operating income Recurring operating profitability

372

1,980

520

44

(50)

29% 39%

47% 36% 28%

39%

5

Other non‑recurring income and expenses

-

-

-

-

-

-

-

Operating income

372

380

1,980

520

44

(50)

3,530

Operating investments Non‑current assets Non‑current liabilities

38

22

105 916 561

77

-

56

532

454 364

253 113

752 562

33 1,162 4,456

-

40 1,845

2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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