Investor Presentaiton

CONSOLIDATED INCOME STATEMENT % 2018 % in €M Revenue 2019 revenue 6,883 Cost of sales (2,125) restated revenue 5,966 (1,792) Gross margin 4,758 69.1% 4,174 70.0% Communication (357) (5.2)% (298) (5.0)% Other selling, marketing and administrative expenses (1,459) (21.2)% (1,264) (21.2)% Other income and expenses Recurring operating income (604) (8.8)% 2,339 34.0% (537) (9.0)% 2,075 34.8% Other non-recurring income and expenses 53 OPERATING INCOME 2,339 34.0% 2,128 35.7% Change +9.9% The recurring operating profitability reached 34.0% of sales, up +12.7% year-on-year HERMÈS 2019 RESULTS /28 88

View entire presentation