Outstanding first quarter for Hermès
In the first quarter of 2021, the group’s consolidated revenue amounted to €2,084 million (+44% at constant exchange rates and +38% at current exchange rates), thanks to an outstanding performance in Asia (+94%) and Japan (+20%), the upturn in America (+23%) and a good resistance in Europe excluding France (-1%). The organic revenue growth was +33% compared to the first quarter of 2019. Watches (+96%) performed exceedingly well in the first quarter, reflecting the house’s technical watchmaking expertise and creativity of the collections. The new men’s watch H08, with a sporty design and geometrical lines, was presented at the Watches and Wonders international fair in Geneva in April.