2013 Results

 
Solid operating and financial performances
from continuing operations
 
Revenue up 4% on a comparable basis
Sharp surge in Luxury Division revenue (+7% on a comparable basis), with record level of operating profitability 
Puma recovery underway
Group transformation now complete
 
François-Henri Pinault, Chairman and Chief Executive Officer, commented: "2013 was a pivotal year for Kering during which we completed our transformation, adopted a new identity and continued on our growth path by posting solid operating and financial performances. These results were driven by good sales and profitability advances from the Luxury Division, which took full advantage of the complementarity of our brands and their growth momentum, notably in directly operated stores. As we had anticipated, results are lower in the Sport & Lifestyle Division, amid major changes at Puma aimed at rebuilding the brand’s commercial momentum. With a coherent international group of strong brands enjoying considerable organic growth potential, we are well positioned to press ahead with our strategy. As a result, we are confident in our ability in 2014 to improve on last year's revenue and recurring operating income performances."
 
 
Contacts
 
Press
Paul Michon                         +33 (0)1 45 64 63 48             paul.michon@kering.com 
Hélène Saint-Raymond          +33 (0)1 45 64 61 20             helene.saint-raymond@kering.com
 
Analysts/investors
Claire Roblet                         + 33 (0)1 45 64 61 49            claire.roblet@kering.com
Edouard Crowley                  + 33 (0)1 45 64 63 28            edouard.crowley@kering.com
 
 
Website : www.kering.com

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