2013 Results

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    Thursday, February 20, 2014

    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."






    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




    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


    Download the press release (.pdf 480.69 KB)