Strong growth in France
The Hermes Group is benefitting from the continuously growing e-commerce sector. The group increased its revenue by around 6% to EUR 3.2 billion in financial year 2018/2019. The company handled a total of 817 million parcels in Europe in 2018, 6.7% more than in the previous year.
Hermes also noted significant growth in France with a 38.8% volume increase, and cross-border business within the EU was up by 35%, both outperforming the market. However, the German market in particular was challenging due to increased costs for the last mile.
In FY 2019, the group will continue to make investments. They include gradual wage increases for couriers – with EUR 100 million earmarked for this in Germany alone over the next five years. (mw)