The company hailed the performance as “outstanding,” despite a dip in watch sales.
The strongest growth came from Hermès’ “other” category—which includes jewellery and home goods—soaring by 17%. While the company does not disclose a detailed breakdown, jewellery was highlighted as a key driver of this expansion.
In contrast, the watch division struggled, recording a 4% decline in revenue. Hermès attributed this to “a more challenging context and a high comparison basis.”
Commenting on the results, Executive Chairman Axel Dumas said: “In 2024, in a more uncertain economic and geopolitical context, the solid performance of the results attests to the strength of the Hermès model and the agility of the house’s teams.”
Regional sales saw the highest surge in Japan, up 23%, followed by Europe at 19% and the Americas at 15%, reinforcing Hermès’ global appeal despite economic headwinds.
