Finance
venerdì 21 febbraio 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."

 

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

 

Download the press release (.pdf 480.69 KB)