Home / Knowledge / News / Fashion / EPS for H1 up 10% at luxury brands marketer Kering
EPS for H1 up 10% at luxury brands marketer Kering
02
Aug '16
Courtesy: Kering
Courtesy: Kering
Earnings per share for the first six months of 2016 at French luxury and high end fashion brands marketer Kering rose 10 per cent year on year to €3.69.

Net income for the first half of 2016 totalled €465 million as against €423 million in the year ago period, while adjusted for non-recurring items net of tax, net income rose 6.5 per cent to €521 million.

Consolidated revenue for the reporting period rose to €5,693 million, up 3.3 per cent year on year on a reported basis and 5.5 per cent in constant currency.

The marketer said exchange rate fluctuations had a negative impact on revenue during the period, but comparable revenue growth was solid led by the Western Europe, Japan and emerging markets.

According to the company, revenue generated outside the euro zone accounted for 78 per cent of the consolidated total revenue in the first six months of 2016.

The Group's gross margin for the reporting period was €3,602 million, up €202 million, or 6 per cent over the first-half of 2015.

Recurring operating income in the period under review increased 4.9 per cent over the same period of earlier year €811 million, while recurring operating margin amounted to 14.2 per cent.

EBITDA reached €1,011 million, up 4 per cent year over year, while EBITDA margin expanded 20 basis points on a reported basis to 17.8 per cent. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Apparel/Garments | On 22nd Feb 2017

Amazon UK to create 5,000 full time jobs this year

Amazon UK said it will create more than 5,000 full time jobs this...

Textiles | On 22nd Feb 2017

Telangana CM seeks better life for handloom weavers

Chief minister of Telangana, K Chandrashekhar Rao assured handloom...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search