French luxury goods group Hermès recorded consolidated revenues of € 5,966 million in 2018, an increase of 7.5% at current exchange rates (10% at constant exchange rates).
All geographical areas contributed to this growth, Hermès said.
Crucially, the brand reported sales growth in China with momentum continuing into the fourth quarter. Hermès pointed to the roll-out of its new digital platform in China in October, as well as store openings and renovations.
All business lines also recorded growth, Hermès said, as the brand highlighted the strong performance of its ready-to-wear and accessories division (up 14%).
Leathergoods and saddlery sales rose by 9%; silks and textiles sales grew 3%; perfumes sales jumped 9%; watches saw a 10% increase; and other Hermès business lines increased by 20%.
“In an uncertain global context, I am very pleased with the success of Hermès which saw revenue rise to €6 billion,” said Hermès Executive Chairman Axel Dumas.
“Such performance reflects the attractiveness of our collections, which are based on unfettered creativity and outstanding technical expertise, enabling us to maintain our model of sustainable and responsible growth, in line with our values of craftsmanship and entrepreneurial spirit.”
Hermès will report its full-year 2018 results on 20 March 2019.