Companies

Kering with 14.2% revenue's growth

Oct 30, 2019 France

The luxury house posted consolidated revenue of 3 884.6 million euros in the third quarter, corresponding to 14.2% growth

“We achieved another strong quarter, and all our segments contributed to our solid top-line gain. Our progress, on top of considerable expansion in the past two years, is healthy and well balanced across all Houses. We are consolidating our growth trajectory, and carrying out continuous, targeted operating investments. We live in an increasingly complex world, but we are fully confident in our capacity to deliver sustained performances over time", commented François-Henri Pinault, Chairman and Chief Executive Officer of Kering.

Third Quarter Results

• Very strong quarter at Gucci: up by 10.7% on a comparable basis;
• Solid sales growth at Yves Saint Laurent: up by 10.8% on a comparable basis, driven by all regions;
• Bottega Veneta with encouraging sales growth: up by 6.9% on a comparable basis;
• Very strong progress of Kering’s Other Houses (up by 16.3% on a comparable basis), powered by Balenciaga and Alexander McQueen;

• Robust growth of Watches and Jewelry.

About Kering

The global luxury group manages the development of a series of renowned 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 well as Kering Eyewear.

In 2018, Kering had nearly 35 000 employees and posted revenue of 13.7 billion euros.

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