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- Hermès International SA HESAF reported fourth-quarter FY22 revenue of €2.99 billion, an increase of 26% at current exchange rates and 23% at constant exchange rates.
- Ready-to-wear and accessories led the revenue growth by garnering a 29.7% jump, followed by a 25.3% increase in Leather Goods and Saddlery, at constant exchange rates.
- The company said it created 2,100 new jobs in FY22.
- At the General Meeting to be held on April 20, 2023, the company plans to make a dividend proposal of €13.00 per share.
- The €3.50 interim dividend, paid on February 22, 2023, will be deducted from the dividend approved by the General Meeting.
- Hermès posts a 38% increase in net profit for FY22 to €3.4 billion.
- Outlook: In the medium term, despite the economic, geopolitical and monetary uncertainties around the world, the group confirms an ambitious goal for revenue growth at constant exchange rates.
- "In 2022, Hermès had an exceptional year thanks notably to the good performance of its international markets," said Executive Chairman Axel Dumas.
- Price Action: HESAF shares closed higher by 0.13% at $1,844.40 on Thursday.
- Photo Via Company
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