Quarterly information report as at the end of September 2024 Continued solid sales growth at the end of September (+14% at constant exchange rates and +11% at current exchange rates) Paris, 24 October 2024 The group's consolidated revenue amounted to €11.2 billion at the end of September 2024, up 14% at constant exchange rates and 11% at current exchange rates compared to the same period in 2023. In the third quarter, sales continued to rise and reached €3.
7 billion, up 11% at constant exchange rates and 10% at current exchange rates. All regions are growing, despite a particularly high comparison basis in Europe and Asia-Pacific. Axel Dumas, Executive Chairman of Hermès, said:“In a more uncertain economic and geopolitical context, I want to thank all employees for the robust third-quarter performance, and our customers for their loyalty.
Thanks to the singularity of its model, Hermès is continuing its recruitments and long-term investments.” Sales by geographical area at the end of September (at constant exchange rates, unless otherwise indicated) At the end of September 2024, all the geographical areas posted solid growth, and the exclusive distribution network continued its development. Asia excluding Japan (+7%) posted growth, supported by solid sales in Korea, Singapore, Australia and Thailand.
The region is growing in the third quarter despite the downturn in traffic in Greater China observed since the end of the Chinese New Year, and a high base in the thir.