Alexandra Boucheron
Head of Investor Relations
Replay available
Hermès International Société (HESAY) Q1 2026 Earnings Call
Hermès International Société (OTC: HESAY) Q1 2026 earnings conference call, held 2026-04-15. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Melania Grippo
Analyst, BNP Paribas
Susanna Putz
Analyst, UBS
Eric Duhalgret
Chief Financial Officer
James Grisnick
Analyst, Jefferies
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Hermes International Sca.
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:01.934 Mesdames et messieurs. 00:00:01.934 -- 00:00:07.684 Ladies and gentlemen, welcome to the 2026 Q1 Revenue Analyst Conference. 00:00:07.684 -- 00:00:13.033 The floor is now to Eric Duhalgret, CFO, and to Alexandra 00:00:13.033 -- 00:00:15.797 Boucheron, in charge of investor relations. 00:00:15.797 -- 00:00:18.118 Over to you. 00:00:20.382 -- 00:00:25.112 Good morning, one and all. Thank you very much for joining for this conference. 00:00:25.112 -- 00:00:30.224 The group's consolidated revenue amounted to 4.1 billion euros in the first 00:00:30.224 -- 00:00:35.675 quarter of 2026, up 6% at constant exchange rate, with 00:00:35.675 -- 00:00:40.767 double-digit growth in America, Japan, and Europe, excluding France. 00:00:40.767 -- 00:00:43.952 Moreover, Greater China continued its side growth. 00:00:43.952 -- 00:00:49.159 This level of growth is all the more remarkable since the group has endured 00:00:49.159 -- 00:00:54.304 strong growth over recent years, especially in 2024-2025, 00:00:54.768 -- 00:00:58.053 especially in Greater China when the rest of industry was not growing. 00:00:58.053 -- 00:00:59.535 Due 00:00:59.535 -- 00:01:04.822 to the significant negative impact of currency exchange rates, around €300 00:01:04.822 -- 00:01:10.518 million, sales declined slightly by 1% at current exchange rates. 00:01:10.518 -- 00:01:15.764 At the end of March 2026, America, Japan and Europe, excluding France, recorded strong 00:01:15.764 -- 00:01:20.530 growth in sales. Despite the slowdown in tourist flows linked to the situation in the 00:01:20.530 -- 00:01:24.575 Middle East, sales in the group stores increased by 7%. 00:01:24.575 -- 00:01:29.961 Furthermore, wholesale activity was significantly affected by lower sales to concession 0...