Record handling domain postulated expansion trajectory

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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.
 

 

About Kering

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.

 

Contacts

 

Press
Emilie Gargatte            +33 (0)1 45 64 61 20        [email protected]
Marie de Montreynaud        +33 (0)1 45 64 62 53        [email protected]

 

Analysts/investors
Claire Roblet             +33 (0)1 45 64 61 49        [email protected]
Laura Levy             +33 (0)1 45 64 60 45        [email protected]

 

www.kering.com
Twitter: @KeringGroup
LinkedIn: Kering
Instagram: @kering_official
YouTube: KeringGroup

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