Hermès International Société en commandite par actions (OTCPK:HESAY) Q2 2025 Earnings Conference Call July 30, 2025 3:00 AM ET
Company Participants
Axel Olivier Dumas – Executive Chairman & CEO
Eric du Halgouët – Executive Vice President of Finance
Conference Call Participants
Adrien Duverger – Goldman Sachs Group, Inc.
Anne-Laure Bismuth – HSBC Global Investment Research
Charles-Louis Scotti – Kepler Cheuvreux
Edouard Aubin – Morgan Stanley
Luca Giuseppe Solca – Sanford C. Bernstein & Co., LLC.
Melania Grippo – BNP Paribas Exane
Thomas Vincent Chauvet – Citigroup Inc.
Operator
[Interpreted] Ladies and gentlemen, welcome to the presentation of the financial results of the first half of the year 2025. Now over to Axel Dumas, Head of Hermès International; and Mr. Eric du Halgouët, in charge of Finances. Gentlemen, over to you.
Axel Olivier Dumas
[Interpreted] Thank you. Good morning, one and all. I’m very happy to present to you today the half year results for 2025. At the end of June 2025, Hermès recorded a solid growth of sales and the current operating income up by 6%. The sales reached EUR 8 billion, up by 8% at constant rate and all the regions are progressing. The solidity of the results of the first half year results reflect the strength of the Hermès model. They’re based on the singularity and authenticity of our artisanal model, our creative originality, our exceptional know-how and uncompromising quality.
I wish to thank our customers for their trust and our employees for their commitment. In these uncertain times, our customers were present sensitive to the singularity of our objects and the strong territorial anchor in locally and the transmission of know-how.
Our house pursues its investments in production capacity and securing our supply chain as well as our exclusive distribution network to accompany the pace of long-term
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