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2016 REGISTRATION DOCUMENT
HERMÈS INTERNATIONAL
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1.1 STAGES OF THE GROUP’S HISTORY 10 Six generations of craftsmen 10 1.2 KEY FIGURES 13 1.2.1 Breakdown of revenue by sector 2016 vs 2015 13 1.2.2 Breakdown of revenue by geographical area 2016 vs 2015 13 1.2.3 Key consolidated data 13 1.2.4 Changes in consolidated revenue 14 1.2.5 Change in recurring operating income 14 1.2.6 Change in the number of exclusive retail stores 14 1.2.7 Investments (excluding financial investments) and operating cash flows 14 1.3 ACTIVITY BY SECTOR 15 1.3.1 Leather Goods and Saddlery 15 1.3.2 Ready-to-wear and Accessories 16 1.3.3 Accessories 17 1.3.4 Silk and Textiles 18 1.3.5 Other Hermès sectors 18 1.3.6 Perfumes 19 1.3.7 Watches 19 1.3.8 Other products and brands 20 1.3.9 Partnerships 22 1.4 ACTIVITY BY GEOGRAPHIC AREA 23 1.4.1 Europe 23 1.4.2 Americas 23 1.4.3 Asia-Pacific 24 1.4.4 Hermès points of sale worldwide 25 1.5 SIMPLIFIED GROUP ORGANISATIONAL CHART 29 1.5.1 Overview description of the Group as at 31 December 2016 29 1.5.2 Production facilities 30 1.6 PROPERTY 32 1.7 FONDATION D’ENTREPRISE 32 1.8 RISK FACTORS 33 1.8.1 Risks linked to the operational strategy 33 1.8.2 Financial risks 34 1.8.3 Insurance policy 351
OVERVIEW OF THE GROUP