Hermès has released its first half 2023 results, which showed its revenue was €6,698 million, a 25% increase compared to the previous year.
Net profit was €2,226 million, as compared to €1,641 million in the previous year.
Perfume and Beauty
The company's perfume and beauty revenue for the first half was €249 million, as compared to €230 million in the previous year.
A new Eau de toilette, Un Jardin à Cythère, the 7th creation in the Jardin collection, was unveiled in February 2023.
Hermès launched a new limited edition of Rouge Hermès ahead of the arrival this autumn of the fifth chapter of beauty around the eyes.
In the second quarter, revenue was €123 million, as compared to €111 million in the previous year.
Axel Dumas, executive chairman of Hermès, said, “The 2023 first half results reflect the strength of the pillars of the artisanal model of the house: quality of materials, exceptional know-how and abundant creativity. To support this growth, we continue to invest in our production capacities, in the expansion of our network, while accelerating job creation and training in all of the group’s métiers.”