Hermès International Société en commandite par actions (OTCPK:HESAY) Q2 2024 Earnings Conference Call July 25, 2024 12:00 PM ET
Company Participants
Axel Dumas - Executive Chairman
Eric du Halgouët - Executive Vice-President, Finance
Conference Call Participants
Edouard Aubin - Morgan Stanley
Luca Solca - Bernstein
Adrien Duverger - Goldman Sachs
Thomas Chauvet - Citi
Melania Grippo - BNP Paribas
Zuzanna Pusz - UBS
Rogerio Fujimori - Stifel
Ashley Wallace - Bank of America
Carole Madjo - Barclays
Operator
Ladies and gentlemen, welcome to the 2024 First Half Financial Results.
I'm now going to hand over the floor to Mr. Axel Dumas, Executive Chairman of Hermès International; and Mr. Eric du Halgouët, Executive VP for Finance. Gentlemen over to you.
Axel Dumas
Good evening, everyone. Thank you very much for joining us for the publication of our 2024 first half results, which take place just before the opening ceremony of the Olympics. I'm very happy today to share the robust H1 results with you against a more complex global economic and political backdrop.
In H1, we have continued our strategic investment in production capacity and in our network and also secured our supply chain. We've beefed up our teams, we currently have 23,200 people working for Hermès, 62% of which in France. Hermès carried on with its D&I initiatives and currently we have 7.12% of disabled employees, above the legal requirements.
These H1 results capture the loyalty of our customers all around the world as well as the strength of our artisanal model and vertical integration and a strong local anchoring, unique know-how, boundless creativity and exceptional materials. Our model relies on the commitment and enthusiasm of our teams, which I would like to thank today.
Now let's take a look at the highlights. H1 was marked by the creations of Pierre-Alexis