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Hermes posts record annual net profit of 4.3 bn euros

Published February 09,2024

French luxury giant Hermes posted on Friday a record annual net profit, with growth in every region of the world in 2023.

The group reported a profit of 4.3 billion euros ($4.6 billion), up 28 percent from 2022, on sales that surged 21 percent to 13.4 billion euros.