- Hermès employees will receive a bonus of 4,500 euros in response to the 2024 financial performance of the company.
- The bonuses were steadily increased in Hermes despite the luxury market stagnation.
- Hermes received more than $ 15 billion in revenue last year.
Hermès employees spend the success of the company.
On Friday, Hermes presented his 2024 financial report that showed Better sales than expected. (Business Insider turned the euro into dollars based on currency prices from Friday.)
The French luxury group said that sales amounted to 4 billion euros (4.1 billion dollars) during the fourth quarter, an increase of 18 % with fixed and current exchange rates. In addition, Hermes received 15.2 billion euros ($ 15.9 billion) of revenue last year.
In response, Hermes staff gets Ali 4,500 euros (4,723 dollars) reward. There are more than 25,000 employees currently in Hermes.
“According to his commitment as an official employer and his willingness to share growth fruits with all those who contribute to it daily, Hermes will offer a reward of 4,500 euros to all its employees all over the world at the beginning of the year with regard to 2024,” the report said.
Hermes has usually achieved rewards at the end of the year to its employees, but the amount has increased steadily over the past five years. The company presented a 1,250 euros ($ 1,312) bonus After its financial results for the year 2020, then it was delivered 3000 euros ($ 3,148) reward The following year.
The reward has been manufactured 4000 euros ($ 4,198) After 2022 and 2023 Financial results.
“In 2024, in a more ambiguous economic and geopolitical context, the strong performance of the results is witnessing the strength of the Hermes model and the lightness of the teams’ teams at home, which I thank”, Axel Dumas, CEO of Hermes, said in a statement on Friday.
The financial results of the company are a bright station in the luxury industry, as some companies have struggled to move in the market decline in 2024.
The other shoppers in China cut off the spending in an economic crisis, while inflation has prompted many Americans to avoid pronounced luxury goods. In Europe, the uncertainty surrounding the policy has resulted in hesitation.
“50 million luxury consumers have chosen from the luxury commodity market or were forced to get out of it in the past two years,” Claudia de Erbzio of Bain & Company said in a November report.
Hermes representatives did not respond to a request for comment from Business Insider, which was conducted outside the regular working hours.
