- Page 1: 2010 ANNUAL REPORT OVERVIEW OF THE
- Page 5 and 6: 2010 ANNUAL REpORT GROUp OvERvIEW -
- Page 7: 7 CHAIRmEN’S mESSAgE 9 gROUP OVER
- Page 11 and 12: Group Overview
- Page 13 and 14: ≤ Executive Committee. 11
- Page 15: The Active partner is jointly and s
- Page 19 and 20: ≤ Les Maisons Enchantées service
- Page 21 and 22: Eau des Merveilles fragrance for wo
- Page 23 and 24: CONSOLIDATED REvENUE (in millions o
- Page 25 and 26: 3 500 3 000 2 500 2 000 1 500 1 000
- Page 27: production and wholesale distributi
- Page 30 and 31: GENERAL TREND In 2010, revenue rose
- Page 33 and 34: ACTIVITY BY SECTOR At Hermès, each
- Page 35 and 36: THE PALACE OF A THOuSAND AND ONE LI
- Page 37 and 38: Women’s ready-to-wear autumn-wint
- Page 39 and 40: ACCESSORIES Accessories encompass j
- Page 43 and 44: BELTS In 2010, Hermès belts offere
- Page 45 and 46: ≤ Photos-souvenirs au carré scar
- Page 47 and 48: THE ENCHANTED BESTIARY Leather, sil
- Page 49: ART OF LIvING The year 2010 was a m
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50. activity by sector WATCHES This
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collections of the National Museum
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TEXTILES Hermès’ textile busines
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∆ Fawn in gold buffalo hide and t
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THE MAGICIAN His life is not a nove
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62. activity by region Le Saut Herm
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64. activity by region ASIA-PACIFIC
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ALI BABA’S CAVE It is a gallery o
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HERmÈS AROUNd THE WORLd Hermès pr
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NORTH AMERICA SOUTH AMERICA Canada:
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ASIA China: 21 17 stores (branches)
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ENVIRONMENT The Hermès Group’s m
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CHANGE IN ENERGY CONSuMPTION 120 00
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80. hermès: a responsible, committ
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82. hermès employeur de qualité e
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84. hermès employeur de qualité e
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FONDATION D’ENTREPRISE HERMÈS FO
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88. fondation d’entreprise hermè
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RISK MANAGEMENT LIMITING INDUSTRIAL
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92. risk management CONSERvATIvE TR
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CONSOLIDATED RESuLTS CONSOLIdATEd R
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VALUE CREATION The notions of econo
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SuMMARY CONSOLIDATED FINANCIAL STAT
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EQUITY & LIABILITIES BEFORE AppROpR
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SHAREHOLDER’S GuIDE FINANCIAL INF
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shareholder as of the date of the r
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OWNERSHIP THRESHOLd dISCLOSURES STA
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2010 ANNUAL REPORT OTHER INFORMATIO
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2010 ANNUAL REPORT OTHER INFORMATIO
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Overview of Hermès International a
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and the Statutory Auditors, at the
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Management’s actions or from the
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Corporate Governance 16 Report from
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Mr Émile Hermès, several years ag
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existence of a relationship of subo
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of net income, and provides all rec
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MEDEF corporate governance code in
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Internal control and risk managemen
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and in other countries. The Departm
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Accounts, drawn up in accordance wi
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adequate to ensure that the financi
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equirements are those stipulated by
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Corporate Governance The corporate
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Émile Hermès SARL (see paragraph
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Mr Matthieu Dumas, age 39 in 2011,
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Manager, then as Executive Manager
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OWNERSHIP INTERESTS OF CORPORATE EX
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Mr Patrick Thomas has the use of a
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- €10,000 for the fixed component
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TABLES PREPARED IN ACCORDANCE WITH
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Table 3 (continued) Directors’ fe
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Table 8 (continued) Expiration date
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Table 11 Information on bonus share
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Company name Country Office Hermès
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Other offices and positions held du
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Other offices and positions held du
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Julie Guerrand Date of birth: 26 Fe
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Robert Peugeot Date of birth: 25 Ap
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Information on the share capital an
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etain in its Articles of associatio
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DELEGATIONS OF AUTHORITY AND POWERS
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No. of shares % of shares No. of vo
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ourg, moved above the 5% threshold
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OWNERSHIP OF SHARE CAPITAL AND VOTI
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Share buyback programme In accordan
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Information on the parent company f
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• Change of company name: - Isamy
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Property 90 PROPERTY AND INSURANCE
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NRE annexes: Environmental informat
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Production sites 96 NRE ANNEXES: EN
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Results by sector 98 NRE ANNEXES: E
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Results by sector use of cars by op
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Results by sector thousands of kilo
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Results by sector life cycle. In lo
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Results by sector heating season wa
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Results by sector 108 NRE ANNEXES:
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Results by sector • Energy 110 NR
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Results by sector LOGISTICS • Fig
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Human resources information TOTAL H
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levels of the Group’s hierarchy,
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Consolidated statement of income fo
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EQUITY AND LIABILITIES Before appro
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Reserves and net income attributabl
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Notes to the consolidated financial
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1.1.3. Differences between the acco
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◆ leasehold rights; ◆ patents,
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1.9.1. Classification of financial
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financial income and expense”. If
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of the amount of the obligation is
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estimated useful life of these asse
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First-time consolidation of Immobil
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3.2 - Information by geographical a
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NOTE 7 - NET FINANCIAL INCOME NOTE
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NOTE 9 - EARNINGS PER SHARE Earning
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NOTE 12 - PROPERTY, PLANT & EQUIPME
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NOTE 15 - INVESTMENTS IN ASSOCIATES
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NOTE 18 - TRADE AND OTHER RECEIVABL
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to at least half of the share capit
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22.2.1 - Net currency positions in
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in millions of euros Contracts Nomi
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As at 31/12/2009 in millions of eur
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2009 Carrying amount Fair Value Int
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NOTE 23 - PROVISIONS 31/12/2009 Acc
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25.3 - Change in provisions recogni
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25.3.4 - Changes in actuarial gains
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NOTE 26 - TRADE PAYABLES AND OTHER
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NOTE 29 - EXECUTIVE COMPENSATION Re
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30.3.2 - Bonus share plans Number o
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NOTE 32 - SCOPE OF CONSOLIDATION Li
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2010 percentage Registered Company
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Statement of income for the year en
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EQUITY AND LIABILITIES Before appro
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Statement of cash flows for the yea
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The financial year covers the 12 mo
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NOTE 2 - REVENUE 2010 2009 Sales of
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NOTE 6 - FINANCIAL ASSETS The list
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NOTE 8 - MARKETABLE SECURITIES NOTE
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Financial liabilities in millions o
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NOTE 13 - EXPOSURE TO MARKET RISKS
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Put options purchased (4) in millio
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List of investments in subsidiaries
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Percentage of capital held [%] Gros
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Combined General Meeting of 30 May
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Tenth resolution Re-election of Mr
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Description of proposed resolutions
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Grants of authority to the Executiv
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Grants of authority to the Executiv
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Supervisory Board’s report to the
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of Supervisory Board members are to
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Statutory Auditors’ report on the
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the signature of an amendment to th
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Statutory Auditors’ report on the
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issued under the authorisation conf
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Statutory Auditors’ special repor
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Statutory Auditors’ report on the
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Fifth resolution Sixth resolution S
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Eleventh resolution Twelfth resolut
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Seventeenth resolution Eighteenth r
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This programme would also be intend
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Twenty-fifth resolution assets, or
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Twenty-sixth resolution the legal r
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13) Resolves that this authority sh
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Twenty-ninth resolution not exceed
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Additional legal information 256 Ar
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7 - CAPITAL INCREASES AND REDUCTION
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shall automatically lose his status
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General Meeting, with the approval
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The Supervisory Board’s report fo
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Persons Responsible PERSONS RESPONS
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Information incorporated by referen
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Volume Page Heading in Annex 1 of R
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Reconciliation with Annual Financia