Thursday, October 24, 2019
Sustained, well-balanced growth across all Houses
Consolidated revenue in the third quarter of 2019: €3,884.6 million
up 14.2% as reported
up 11.6% on a comparable basis
“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.”
François-Henri Pinault, Chairman and Chief Executive Officer
• Very strong quarter at Gucci (up 10.7% on a comparable basis), delivering on its ambitions against a persistently high comparison base.
• Very solid sales growth at Yves Saint Laurent (up 10.8% on a comparable basis), driven by all regions.
• Excellent reception of the new Bottega Veneta collections and highly encouraging sales growth (up 6.9% on a comparable basis).
• Very strong progress of Kering’s Other Houses (up 16.3% on a comparable basis), powered by Balenciaga and Alexander McQueen. Robust growth of Watches and Jewelry.
A global Luxury group, Kering 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. By placing creativity at the heart of its strategy, Kering enables its Houses to set new limits in terms of their creative expression while crafting tomorrow’s Luxury in a sustainable and responsible way. We capture these beliefs in our signature: “Empowering Imagination”. In 2018, Kering had nearly 35,000 employees and revenue of €13.7 billion.
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