Hermès International Société (HESAY) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.260 Ladies and gentlemen, welcome to the 2025 full 00:00:05.260 -- 00:00:08.505 year results of Hermès International. I'm now going to give the floor to Mr. 00:00:08.505 -- 00:00:12.271 Axel Dumas, Executive Chairman of Hermès International, and Mr. 00:00:12.271 -- 00:00:17.429 Eric Duelguet, Financial Director. Gentlemen, over to you. 00:00:17.429 -- 00:00:22.857 Good morning, one and all. Thank you very much for joining us for the 2025 00:00:22.857 -- 00:00:27.924 full-year results. We're very happy to have you here over once again at our 00:00:27.924 -- 00:00:33.091 Sèvres store. After a good Q4 with a 10% 00:00:33.091 -- 00:00:37.738 growth at constant exchange rate, I'm very happy to present you the robust results for 00:00:37.738 -- 00:00:40.081 2025. Our 9% 00:00:40.081 -- 00:00:45.189 growth rate... has allowed us to exceed the 16 billion euro mark for 00:00:45.189 -- 00:00:50.596 our turnover and also we've improved our current operating profitability 2025 was 00:00:50.596 -- 00:00:55.343 marked by more uncertainty but hermes maintained the course kept the right balance and 00:00:55.343 -- 00:01:00.470 remained true to its value the solid results of this year reflect the success of 00:01:00.470 -- 00:01:05.938 our creativity the care we put into our material know-how 00:01:05.938 -- 00:01:11.307 and vertical integration We continue to invest to ramp up our production 00:01:11.307 -- 00:01:16.939 capacity and to secure our supply chain. We continue to grow our distribution 00:01:16.939 -- 00:01:21.301 network across the world to support long-term growth. 00:01:21.301 -- 00:01:26.727 In 2025, operational investments reached 1.2 billion euros. 00:01:26.727 -- 00:01:30.992 We also created new jobs and trained our staff. 00:01:30.9...