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Investor Presentaiton

CONSOLIDATED INCOME STATEMENT % % in €M Revenue Cost of sales Gross margin Communication 2022 2021 revenue revenue 11,602 8,982 (3,389) (2,580) Other sales and administrative expenses 8,213 70.8% (525) (2,155) (18.6)% 6,402 71.3% (4.5)% (422) (4.7)% (1,716) (19.1)% Other income and expenses (836) (7.2)% Recurring operating income 4,697 40.5% (734) (8.2)% 3,530 39.3% Other non-recurring income and expenses Operating Income 4,697 40.5% 3,530 39.3% Change y-o-y +33% Hermès 2022 Full Year Results | 25
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