2019年业绩报告
Exceptional sales and results growth in 2019
Revenue increased by 15% at current exchange rates and by 12% at constant rates
The recurring operating income1, up 13%, reached €2.3 billion at 34% of sales
2019年销售业绩斐然
按当前汇率计算，收益增幅为15%；按固定汇率计算，增幅为12%。
经常性营业收入1达到23亿欧元，增幅为13%，占销售额的34%上半年销售和业绩强劲增长
Paris, 26 February 2020
2020年2月26日，巴黎
The Group's consolidated revenue amounted to €6,883 million in 2019, up +15% at current exchange rates and +12% at constant exchange rates. The recurring operating income1 increased +13% to €2,339 million (34.0% of sales). Net profit reached €1,528 million (22.2% of sales).
2019年，爱马仕集团的销售总额达到68.83亿欧元，按当前汇率计算，增幅为15%；按固定汇率计算，增幅为12%。经常性营业收入1达到23.39亿欧元，增幅为13%（占销售额的34.0%）。净利润达15.28亿欧元（占销售额的22.2%）。
Axel Dumas, Executive Chairman of Hermes, said: “Hermes achieved outstanding performances this year, based on a balanced growth in all the business lines and in all the geographical areas. This sound momentum is supported by our craftsmanship model, the integration of the distribution network and ample creativity, thanks to the talent and incredible commitment displayed by all the women and men of Hermes."
爱马仕全球首席执行官Axel Dumas先生表示：“在所有业务领域和所有地理区域均衡增长的基础上，爱马仕今年取得了出色的业绩。这种强劲的势头得益于爱马仕人的非凡才能和辛勤付出，更得益于我们的工艺模型、分销网络整合和丰富的创造力。”
ALL THE GEOGRAPHICAL AREAS POSTED STRONG GROWTH IN 2019
(AT CONSTANT EXCHANGE RATES UNLESS OTHERWISE INDICATED)
2019年所有地理区域均实现强劲增长
（如无特别说明，一律采用固定汇率计算）
The revenue generated in 2019 in the group's stores (+13%) was particularly sustained and was driven by growth in all the geographical areas. Hermes continued to improve the quality of its distribution network, with both store openings, renovation and extension completed on almost twenty stores.
爱马仕集团的店铺2019年产生的收入持续增长（13％），得益于所有地理区域的增长。爱马仕持续在全球提高销售网络质量，完成近二十家新店开幕及拓店翻新。
Asia excluding Japan (+18%) pursued its strong growth in Greater China, despite the impact of events in Hong Kong in the last quarter, and in South Asian countries. The stores in Qingdao in China and Hyundai in Korea were extended and reopened in December, after the Xiamen store in China and Phuket Floresta store in Thailand openings earlier in the year. Hermes continues to successfully develop its digital platform, rolled out in Singapore and Malaysia in October.
除日本以外的其他亚洲地区继续保持强劲增长(18%)，尤其在大中华区和南亚地区，尽管一定程度上受到了去年末香港发生的事件影响。继中国的厦门店和泰国的普吉岛Floresta店于今年早些时候开业之后，中国青岛专卖店和韩国现代专卖店于12月进行了拓店和重新开业。爱马仕不断成功开发其数字平台，于10月在新加坡和马来西亚正式上线。
Japan (+8%) increased, with the year-end impacted by anticipated purchases due to the VAT increase in October. The new platform hermes.jp was launched in June.
日本市场有所增长(8％)，年末业绩受到因10月份增值税增加而导致的预期购买的影响。全新平台hermes.jp已于6月启动。
America (+12%) confirmed its momentum throughout the area. After the recent store openings in New York's Meatpacking district and in Waikiki in Honolulu, the San Francisco store was extended and reopened in November, confirming dynamic growth both in the United States and in the other countries in the area.
美洲市场确认了其在整个区域的增长势头(12%)。在纽约曼哈顿肉库区和檀香山的威基基近期开设店铺后，旧金山店于11月拓店翻新，确认了美国和该地区其他国家的强劲增长。
Europe excluding France (+8%) achieved a sound performance, driven in particular by the United Kingdom and Italy. In November, Hermes opened its first store in Warsaw, Poland, a new country for the Group. France (+8%) posted growth, despite the negative impact of the events at the end of year.
除法国以外的其他欧洲地区取得了稳步增长（8%），尤其是在英国和意大利。11月，爱马仕集团在华沙开了其在波兰的第一家店。法国尽管遭受年底不利事件的影响，销售仍保持增长（8%）。
1 Including the impact of the IFRS 16 Leases standard. In accordance with IAS 8, Hermes applied this new standard retrospectively in full and restated the financial statements as at 31 December 2018
1包括《国际财务报告准则第16号——租赁》(IFRS-16)的影响。依照国际会计准则第8号(IAS-8)规定，爱马仕采用完全追溯调整法适用了新的IFRS-16，对截止至2018年12月31日之财年的财务报表进行了重述。
ALES BY BUSINESS LINE AT THE END OF DECEMBER
(AT CONSTANT EXCHANGE RATES UNLESS OTHERWISE INDICATED)
2019年12月底各产品部门销售情况
（如无特别说明，一律采用固定汇率计算）
All the business lines recorded growth, with outstanding performance of the Ready-to-Wear & Accessories and Jewellery divisions.
所有产品部门均实现销售增长，其中成衣和配饰以及珠宝部门的销售尤为强劲。
Leather Goods and Saddlery (+11%) benefited from sustained demand, both for the re-invented classics and other models such as the Mosaique, 24/24 or Twins bags. The increase in production capacities continued, with the ramp-up of the Manufacture de l'Allan workshop, and the launch of the work on the Guyenne and Montereau workshops, due for completion in 2020. A new workshop will be built in Louviers by 2021. A new site in Ardennes, announced for 2022, will become the Group's 21st leather workshop, reinforcing the company's local integration in France and the creation of social value.
皮具和鞍具部门增幅11%，得益于对重新演绎的经典包款以及其他款式的持续需求，例如Mosaique、24/24或Twins包。随着Manufacture de l'Allan工厂的扩建以及吉耶纳（Guyenne）和蒙特罗（Montereau）工厂的动工(将于2020年完成)，产能得以持续提高。2021年之前还将在卢维埃（Louviers）建立新的工厂。宣布将于2022年在阿登省(Ardennes)开设一个新工厂，这将是爱马仕集团的第21个皮革工厂，加强了公司在法国的本地整合，创造了社会价值。
The Ready-to-Wear and Accessories division (+17%) confirmed its strong momentum, thanks to the success of the men's and women's ready-to-wear collections, and fashion accessories, particularly shoes.
成衣和配饰部门呈现强劲增长势头(17%)，主要得益于男装和女装成衣系列及时尚配饰、尤其是鞋履的大获成功。
The Silk and Textiles business line (+7.5%) posted an increase, with collections that combine diversity of materials with strong creativity, both by their design, their new formats, the fabrics and methods used. The 2019 Spring-Summer and Autumn-Winter collections received a very warm welcome.
丝绸和纺织品业务类别有所增长(7.5％)，该品类将材料的多样性和强大的创造力结合在一起，无论在设计、新形式、面料还是采用的工艺等方面。2019年春夏和秋冬系列受到热烈欢迎。
Perfumes (+4%) improved, driven particularly by the success of Terre d’Hermes and Twilly d’Hermes and by the new variations Un Jardin sur la Lagune and Twilly d’Hermes Eau poivree. The Maison will continue to demonstrate entrepreneurial spirit in 2020 with the launch of a new Hermes Beauty business line.
香水部门有所增长(4％)，尤其是得益于爱马仕大地淡香水(Terre d'Hermes)和Twilly d'Hermes的热销，以及潟湖花园（Un Jardin sur la Lagune）和Twilly d'Hermes Eau poivree的新变化。随着新的爱马仕美妆产品部类的推出，品牌将在2020年继续展现其创业精神。
The Watches business line (+12%) recorded a solid sales performance reflecting the creativity of the collections and the network's selectivity. The new women's watch Galop d’Hermes was well received, and Hermes Watches were rewarded for the fourth time in November at the Grand Prix de l’Horlogerie de Geneve for the Arceau L’heure de la lune model.
手表业务类别销售业绩稳定增长(12％)，反映出产品系列的创造性和网络的选择性。新推出的女式腕表Galop d'Hermes受到一致好评，而爱马仕腕表凭借月读时光腕表（Arceau L'heure de la lune）在11月份的日内瓦高级钟表大奖赛上第四次获得表彰。
GROWTH IN WORKFORCE
The Hermes Group continued hiring people and increased its workforce by around 1,100 people. At the end of 2019, the group employed 15,417 people, including 9,522 in France.
Hermes will pay a €1,500 bonus to all employees in 2020 following the good 2019 Results. This measure confirms the willingness and commitment to share the fruits of growth with all those who contribute to it on a daily basis, after the announcement of a new free share plan to all employees in July 2019.
员工增长
爱马仕集团持续招贤纳士，员工人数新增1100人左右。2019年底，集团员工总人数达15,417名，其中法国公司员工人数为9,522名。
继2019年取得佳绩后，爱马仕将在2020年向所有员工支付1,500欧元的奖金。继2019年7月向所有员工宣布了新的免费股份计划后，这项措施证实爱马仕与每日辛勤劳动的员工分享集团业绩增长佳绩的意愿与承诺。
1Including the impact of the IFRS 16 Leases standard. In accordance with IAS 8, Hermès applied this new standard retrospectively in full and restated the financial statements as at 31 December and 30 June 2018.
1包括IFRS第16号-租赁准则的影响。 根据IAS第8号准则，爱马仕全面追溯适用了这一新标准，并重述了截止至2018年12月31日和2018年6月30日的财务报表。
2 Adjusted free cash flow corresponds to the sum of operating cash flows and change in working capital requirement, less operating investments and repayment of lease liabilities, as per IFRS cash flow statement.
2调整后的自由现金流是指经营现金流与营运资本变额之和，减去经营投资和偿还租赁负债(根据IFRS现金流量表)。
OUTLOOK
In the medium term, despite economic, geopolitical and monetary uncertainties around the world, the Group confirms an ambitious goal for revenue growth at constant exchange rates.
With pride in its artisanal model, in 2020 Hermes pays tribute to the extraordinary tool that is the human hand, as well as to the ingenuity that drives every one of the house's craftsmen and women. For it is this combination that characterises the innovative spirit of Hermes, its commitment to Innovation in the making.
Thanks to its unique business model, Hermes is pursuing its long-term development strategy based on creativity, maintaining control over know-how and singular communication.
2020年展望
在年度中期，尽管世界经济、地理和货币市场的不稳定因素加重，在收益增长方面，集团依然在固定汇率的基础上制定了一项宏伟的增长目标。
爱马仕对其手工艺模型感到自豪，并于2020年向非凡的工具（即人的双手）以及每个内部工匠的独创性给予了高度赞扬。因为正是这种结合体现了爱马仕的创新精神和对“匠·新”的承诺。
基于独有商业模式，爱马仕将继续秉承基于创造革新的长期发展策略，保持对专有技术和传播方式的管控。
PROPOSED DIVIDEND
At the General Meeting of 24 April 2020, a dividend proposal of €5.00 per share will be made. The €1.50 interim dividend to be paid on 5 March 2020 will be deducted from the dividend approved by the General Meeting.
拟派股息
爱马仕将于2020年4月24日向股东大会提交股息派发提案，每股拟定股息5.00欧元。于2020年3月5日支付的中期股息每股1.50欧元将从股东大会批准的股息中扣除。
来源：华商报风尚悦读
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