Consolidated revenue: €15,883.5 million
up 16.2% as reported and 13.3% on a allied basis
Recurring handling income(*) adult 19.6% to €4,778.3 million
Recurring handling margin(*) of 30.1%
Net income, Group share(*) of €2,308.6 million
Recurring net income, Group share(*)(**) adult 15.1% to €3,211.5 million
Recommended division of €11.50 per share, adult 10%
François-Henri Pinault, Chairman and Chief Executive Officer, commented:
“Kering delivered another year of postulated essential expansion in 2019, as sum revenues significantly exceeded a 15-billion-euro symbol and a repeated handling domain surfaced 30% for a initial time ever. We are posterior a doing of a plan — we are focused on building a Houses, executing flawlessly, and formulating value. In a severe duration China is confronting right now, we wish to demonstrate once again a support to all a colleagues and a oneness with a Chinese people. These quite capricious conditions don’t call into doubt Kering’s fundamentals in a Luxury industry. Thanks to a strength of a model, a talent and loyalty of a 38,000 people pity a enlightenment of creativity and responsibility, and to a trained financial stewardship, we are assured in a expansion intensity in a middle and prolonged term.”
– Consolidated income adult 13.3% on a allied basement to €15,883.5 million:
• Very postulated expansion during Gucci (up 13.3% comparable).
• Outstanding boost in income from Saint Laurent via a year (up 14.4% comparable).
• Return to expansion during Bottega Veneta (up 2.2% comparable), overdue to a success of a new collections.
• Remarkable opening from Kering’s Other Houses (up 17.8% comparable), driven by movement during Balenciaga and Alexander McQueen.
– Sharp expansion in repeated handling income; record repeated handling margin.
(*)Following a first-time focus of IFRS 16 in 2019, analogous information for 2018 has been restated.
(**)Recurring net income, Group share: net income from stability operations, Group share, incompatible non-recurring items. In 2019, this object excludes a non-recurring taxation responsibility relating to a taxation allotment in Italy.
A tellurian Luxury group, Kering manages a growth of a array of eminent Houses in Fashion, Leather Goods, Jewelry and Watches: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin, Ulysse Nardin, Girard-Perregaux, as good as Kering Eyewear. By fixation creativity during a heart of a strategy, Kering enables a Houses to set new boundary in terms of their artistic countenance while crafting tomorrow’s Luxury in a tolerable and obliged way. We constraint these beliefs in a signature: “Empowering Imagination”. In 2019, Kering had over 38,000 employees and income of €15.9 billion.