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

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Apparel/Garments | On 18th Nov 2017

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Sri Lanka’s apparel exports from January to September 2017 has...

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Apparel/Garments | On 18th Nov 2017

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Bangladesh Prime Minister Sheikh Hasina has said two more leather...

ASEAN, Hong Kong sign free trade agreement

Textiles | On 18th Nov 2017

ASEAN, Hong Kong sign free trade agreement

The Association of Southeast Asian Nations (ASEAN) and Hong Kong...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

November 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search