Hermès International (RMS) AGM 2026 summary

Opening remarks and agenda

• The meeting was held on 17 April 2026, opening with gratitude to shareholders and board members, and covered 2025 highlights, strategy, and main resolutions.

• Quorum was confirmed at over 81%, enabling the assembly to proceed with decisions.

• Introduction and election of Lucia Sinapi-Thomas, a candidate with a distinguished career in finance and innovation, to the Supervisory Board.

Financial performance review

• 2025 sales reached EUR 16 billion, up 9% at constant exchange rates, with strong growth across most regions and divisions.

• Net income attributable to owners was EUR 4,524 million, representing 28.3% of revenue.

• Operating income rose 7% to EUR 6.6 billion, and gross margin improved to 71.1%.

• Operating investments totaled EUR 1.2 billion, with significant allocations to production and distribution capacity.

• Adjusted free cash flow was EUR 3,880 million, and closing net cash position at EUR 12,773 million.

Board and executive committee updates

• Executive management and the Supervisory Board were commended for effective leadership and maintaining company values.

• Several board members were reappointed, and Monique Cohen was thanked for her service as she steps down.

• Lucia Sinapi-Thomas was appointed to the Supervisory Board and will chair the audit committee.