Hermes Paid Nearly 6 Billion Euros In 2018, Which Is Satisfactory.

According to the 2018 financial performance report released by Hermes, the group's revenue in 2018 rose by 10% to 5 billion 966 million euros on a fixed exchange rate, up 10% in the fourth quarter, and in all regions. The gross profit margin of 2018 group was close to 34%.

According to the regional division, the income of the Asian region except Japan has risen by 14%, and the sales in China are particularly strong.

In 2018, Hermes extended and updated Shanghai I in China.

The income of Japan and the United States increased by 8% and 12% respectively, while the income of Europe except France grew by 8%. In the UK and Italy, the income of the French region increased by 6%.

Sales of leather goods, including handbags, rose by 9.4% according to business categories.

In 2018, the Hermes group focused on improving the production capacity of the leather goods department. At present, the sales of leather goods accounts for nearly half of the total sales.

Sales of garments and accessories increased by 14.1%, and sales now account for 1/4 of total sales.

Sales of silk and textiles increased by 3%, sales of perfume sales increased by 9%, watches business sales increased by 10%, and other businesses including jewelry, living art and table art grew by 20%.

Rogerio Fujimori, a luxury analyst at Royal Bank of Canada, said the performance of Hermes is confident that the group will also perform well in 2019.

Hermes has recently opened a new workshop, announcing that it will open a new workshop employing 250 workers in Normandy, France.

Axel Dumas, chief executive of Hermes group, expressed satisfaction with its performance in 2018.

"Under the circumstance of global instability, I am glad that Hermes's income is approaching 6 billion euros, which reflects our products.