Luxury Hermes 2014 Profit Growth Of 6.7% Over The LVMH Group

France luxury (Theme Reading) group Hermes International announced yesterday that the Paris stock market opened its profit in the 2014 fiscal year to achieve a 6.7% growth, and distributed a special dividend of 5 euros per share.

The Group recorded a profit of 1 billion 299 million euros in the whole year, slightly below the 1 billion 310 million euros expected by the market, up 6.7% from 1 billion 218 million euros in the 2013 fiscal year.

As a result of exchange rate fluctuations, operating profit fell to 31.5% from the highest level of 32.4% in the previous year.

Net profit increased by 8.7% to 859 million euros compared with the previous year, 790 million euros, and net profit margins remained at 21%.

The international board of directors recommends a special dividend of 5 euros per share on the basis of an annual dividend of 2.95 euros (the annual dividend of 2.70 euros a year).

In mid February, the group announced 2014 sales figures: for the first time, the annual revenue exceeded 4 billion euro mark, reaching 4 billion 118 million 600 thousand euros, an increase of 9.7% over the previous year of 3 billion 754 million 800 thousand euros, an increase of 11.1% at real exchange rate, far away from its biggest competitor and the largest in the world.

Group MOET & CHANDON. Hennessy - Louis Vuitton group

3.9% annual revenue growth of leather goods sector.

Same store sales increased by 12.7% throughout the year.