Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Change at current exchange rates

Change at constant exchange rates

2022

2021

In millions of euros

Leather Goods & Saddlery Ready‑to‑wear and Accessories

4,963 3,152

4,091 2,219

21% 42% 26% 37% 16% 54% 10% 29%

16% 36% 20% 30% 15% 46%

Silk and Textiles

842

669

Other Hermès sectors Perfume and Beauty

1,371

1,001

448 519 306

385 337 279

Watches

Other products

8%

REVENUE

11,602

8,982

23%

4.2 Sales and administrative expenses

2022

2021 (421)

In millions of euros Communication

(525)

Other sales and administrative expenses

(2,155) (2,680)

(1,715) (2,137)

TOTAL

4.3 Other income and expenses

Notes

2022

2021

In millions of euros

Depreciation and amortisation of fixed assets

(288) (263) (552)

(263) (249) (512)

5

Amortisation of right‑of‑use assets Depreciation and amortisation

Net change in provisions

(24) (16) (40)

(19) (18) (37) (65)

Cost of pension plans and other long‑term benefits

5.3

Sub‑total

Impairment losses

(123)

Expenses related to free share allocation plans and similar expenses

5.4

(65)

(122)

Other expenses Other products

(105)

(26)

49

28

Sub‑total

(244) (836)

(186) (734)

TOTAL

Total amortisation of rights‑of‑use included in operating expenses (“Other income and expenses” and “Cost of sales”) amounted to €266 million in 2022, compared with €251 million in 2021.

In 2022, other expenses include in particular the recognition of the new five‑year commitment to the Fondation d’entreprise Hermès (2023‑2027), in the amount of €61 million. In 2021, other expenses include a donation of €7 million to the AP‑HP (the Parisian public hospital system). Total depreciation and amortisation of fixed assets included in operating expenses (“Other income and expenses” and “Cost of sales”) amounted to €341 million in 2022, compared with €312 million in 2021.

2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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