Hermes International Reports First-Half GAAP Earnings Per Share and Revenue
Hermes International reported first-half GAAP earnings per share (EPS) of €21.32, with revenue reaching €8.16 billion, representing a year-over-year increase of 1.6%. The company's recurring operating income stood at €3.4 billion, accounting for 41% of sales and showing slight growth compared to the previous period. Cash flow from operating activities saw strong growth of 16%, reaching €2.7 billion in the first half. These results reflect Hermes' resilience amid challenging market conditions and highlight its ability to maintain profitability while managing operational efficiency effectively.
