Hermès International : Hermès International : 1st quarter 2013 sales

     Hermès International : Hermès International : 1st quarter 2013 sales

                                    HERMES

                                      

      Firstquarter financial report (three months ended 31 March 2013)

                   Robust sales growth in the first quarter
    +12.8% at constant exchange rates and +10.3% at current exchange rates

                                                          Paris, 22 April 2013

Revenues for the three months  ended 31 March 2013  came to €856.8 million,  a 
rise of  12.8% at  constant exchange  rates. Including  the negative  currency 
impact, growth was 10.3%.

Sales through the Group's  own stores continued to  expand briskly (+13.6%  at 
constant exchange rates),  driven by  the success of  the latest  collections. 
Revenues from wholesale channels also delivered satisfactory growth (+9.9%  at 
constant exchange rates).

First-quarter sales by region and sector
(at constant exchange rates, unless otherwise indicated)

In the first quarter, growth was dynamic in all geographic regions :

  *Non-Japan Asia (+17%, driven by China, Macau and Taiwan) and Japan  (+7%), 
    where environment seems to become more positive,

  *Americas, which continues to expand (+11%),

  *Europe (+12%), despite a very high basis of comparison and a dull economic
    climate.

Everywhere demand for Hermès collections remains strong, favoured by a growing
requirement for quality, personality and timelessness of objects and clothes.

Leather Goods and Saddlery registered an increase of 7%. With the build-up  of 
the two  workshops  opened in  2012,  the sector's  production  capacity  will 
increase steadily over 2013.

The remarkable performance  in sales of  Ready-to-wear and Accessories  (+18%) 
reflects the  dynamic  performance of  the  latter and  of  the  ready-to-wear 
collections.

In Silk  & Textiles,  growth was  15%, fuelled  by the  highly successful  new 
collections and the reinforcement of investments in production capacity.

Perfume sales expanded by 18%. Lines  were enhanced by Jour d'Hermès, the  new 
fragrance for women, which was greeted with very promising enthusiasm.

Watches (-5%) were adversely affected by a slowdown in the Chinese market in
the beginning of the year and by the very high basis of comparison in the
previous year (+27%).

Other Hermès  sectors  (Jewellery and  Art  of Living)  continued  to  deliver 
exceptional growth (+49%).

Significant events during the first quarter

As of end of March, currency fluctuations were unfavourable and had produced a
negative impact of €19 million on revenue.

Hermès International did not buy back any  of its own shares during the  first 
quarter of 2013, other than shares traded under the liquidity contract.

Outlook for 2013

Hermès will continue to follow  its strategy based on creativity,  maintaining 
control over its know-how,  expanding its distribution network,  strengthening 
its production capacity and safeguarding its sources of supply.

With its  new theme  of the  year  "A sporting  life!", Hermès  is  resolutely 
focusing on energy and optimism in 2013. Since its origins, the House has been
tapping the sports universe to feed its passion for movement, casual  elegance 
and excellence. For Hermès, sport  rises above obsession with performance;  it 
is spirit, style and pleasure above all, and its spark ignites our collections
as never before.

                          Information by region (1)

                            1st quarter               Change
In millions of euros        2013  2012  Reported At constant exchange rates
France                      137.9 123.6    11.6%                      11.6%
Europe (excl. France)       168.2 150.6    11.7%                      12.4%
Total Europe                306.1 274.2    11.6%                      12.0%
Japan                       110.3 119.9   (8.0)%                       7.0%
Asia Pacific (excl. Japan)  292.0 248.1    17.7%                      17.4%
Total Asia                  402.3 368.0     9.3%                      14.0%
Americas                    133.0 120.6    10.3%                      11.1%
Other                        15.4  14.1     9.3%                       9.4%
TOTAL                       856.8 776.9    10.3%                      12.8%

(1) Sales by destination.

                            Information by sector

                                     1st quarter            Change
                                                          At constant exchange
In millions of euros                 2013  2012  Reported        rates
Leather Goods & Saddlery (1)         372.5 358.4     3.9%                 7.3%
Ready-to-wear & Fashion Accessories  187.8 161.5    16.3%                18.2%
(2)
Silk & Textiles                      105.0  92.7    13.4%                15.3%
Other Hermès Sectors (3)              46.6  31.7    46.8%                48.9%
Perfumes                              57.8  49.1    17.6%                17.9%
Watches                               34.5  37.1   (7.1)%               (5.3)%
Tableware                             13.5  14.0   (3.4)%               (1.9)%
Other products (4)                    39.1  32.4    20.7%                22.5%
TOTAL                                856.8 776.9    10.3%                12.8%

(1) Leather Goods &  Saddlery includes bags and  luggage, saddlery and  riding 
gear, diaries and small leather goods.
(2) Ready to Wear & Fashion  Accessories includes men's and women's  clothing, 
belts, jewellery accessories, gloves, hats and Hermès shoes.
(3) Other Hermès Sectors include Jewellery and Art of Living products.
(4) "Miscellaneous" products include John Lobb shoes and products manufactured
for brands outside the Group (textile printing, perfumes, tanning etc.).

Rapport d'informations trimestrielles mars 2013_GB

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Source: Hermès International via Thomson Reuters ONE
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