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Kering is a global Luxury group composed of iconic and dynamic Houses in Fashion, Leather Goods and Jewelry.
(In millions) | 2025 | 2024* | Change |
|---|---|---|---|
Revenue | 14,675 | 16,874 | -13% |
EBITDA | 3,675 | 4,546 | -19% |
EBITDA margin | 25% | 26.9% | -1.9 pts |
Recurring operating income | 1,631 | 2,440 | -33% |
Recurring operating margin | 11.1% | 14.5% | -3.4 pts |
Net income attributable to owners of the parent | 72 | 1,133 | -94% |
o/w continuing operations | 532 | 1,206 | -56% |
Gross operating investments(1) | 830 | 3,309 | -75% |
Free cash flow from operations(2) | 4,428 | 1,432 | N/A |
Net debt(3) | 8,039 | 10,517 | -24% |
Headcount on the payroll | 43,731 | 46,930 | -7% |
*Following the strategic partnership with L’Oréal for the disposal of Kering Beauté, expected to be completed in the first half of 2026, the activity has been reclassified as discontinued operations in accordance with IFRS 5. As a result, 2025 figures exclude Kering Beauté and the 2024 income statement has been restated accordingly.
(1) Purchases of property, plant and equipment and intangible assets.
(2) Free cash-flow from operations is defined in Chapter 2.7 of the Financial document.
(3) Net debt is defined in Chapter 2.7 of the Financial document.
Per share data | 2025 | 2024* | Change |
|---|---|---|---|
Earnings per share attributable to owners of the parent | 0.59 | 9.24 | -94% |
o/w continuing operations | 4.34 | 9.84 | -56% |