Hermès International: Management Compensation for 2025-2026
Hermès International has disclosed the compensation details for its managers for the fiscal year 2025 and announces the continuation of its compensation policy for 2026, in accordance with the Afep-Medef Corporate Governance Code.
Calculation of Fixed and Variable Compensation for 2026
The fixed compensation for 2026 was calculated by applying the change in the consolidated revenue of 2025 compared to 2024 to the fixed compensation of 2025, with an annual increase capped at 5%. The variable compensation awarded for the fiscal year 2025 was determined based on the change in consolidated pre-tax results. The RNG-RSE Committee noted the complete achievement of the CSR criterion applicable to 10% of the variable compensation. The payment of the 2025 variable compensation remains conditional upon shareholder approval at the General Meeting on April 17, 2026.
Reaffirmation of the Existing Compensation Policy
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The Management Board of Émile Hermès SAS proposed a full continuation of the previously applicable compensation policy, without any changes. This policy was approved by the General Meeting on April 30, 2025, and will be subject to a new ex-ante vote at the General Meeting on April 17, 2026. The compensation elements were decided by the Management Board, checked for compliance by the RNG-RSE Committee, and deliberated by the Supervisory Board.
Le modèle Hermès, fondé sur une distribution exclusive et qualitative, a une nouvelle fois porté ses fruits. Hermès aborde l’année 2026 avec confiance.
Résultats annuels 2025 solides: chiffre d’affaires de 16 002 millions d’euros, croissance à taux constants de 8,9 % et croissance à taux courants de 5,5 %. Résultat opérationnel courant de 6 569 millions d’euros (41,0 % du chiffre d’affaires) et résultat net de 4 524 millions d’euros. Cash flow disponible ajusté de 3 880 millions d’euros; trésorerie nette retraitée à 12 773 millions d’euros. Propositions de dividendes et actions nouvelles pour 2026, avec un accent sur le développement et l’emploi.
Outlook / guidance
Expected revenue: Le chiffre d’affaires 2026 est attendu en progression à taux constants sans chiffre précis communiqué.
Expected EBITDA: Non précisé dans le communiqué.
Expected net income: Non précisé dans le communiqué.
Management commentary: Perspectives positives pour 2026, grâce au modèle d’entreprise intégré et à la fidélité de la clientèle, malgré un contexte économique et géopolitique incertain.
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