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Hermes' Q4 2025 revenue rose 9.8%, driven by U.S. and Japanese sales, with strong leather goods growth and a 41% operating margin.
Hermes reported a 9.8% revenue increase in Q4 2025, exceeding expectations, fueled by strong sales in the U.S. and Japan.
The leather goods division saw 14.6% organic growth, contributing to a full-year operating profit of 6.57 billion euros and a 41% margin.
CEO Axel Dumas cited a more moderate 5-6% price hike for 2026, down from 6-7% in 2025, due to currency shifts.
The company maintained its 18 euro per share dividend and reported sustained demand from affluent customers, supported by a strong order backlog.
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Los ingresos de Hermes en el cuarto trimestre de 2025 aumentaron un 9,8%, impulsados por las ventas en Estados Unidos y Japón, con un fuerte crecimiento de productos de cuero y un margen operativo del 41%.