French luxury giant Hermes posted record annual sales and net profit, with plans to reward all employees worldwide with a bonus following strong growth in every region last year.
The group reported a better-than-expected profit of 4.3 billion euros ($4.6 billion), up 28 percent from 2022, on sales that surged 16 percent at current exchange rates to 13.4 billion euros.
“In 2023, Hermes has once again cultivated its singularity and achieved an outstanding performance in all metiers (businesses) and across all regions against a high base,” executive chairman Axel Dumas said in an earning statement.—AFP
