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 19th Aug 2017

New fabric interfaces to interact with computers

As computer capabilities evolve, new fabric-based interfaces are...

Textiles | On 19th Aug 2017

Brazilian cotton prices drop in first fortnight of August

Cotton prices dropped in the Brazilian market in the first fortnight...

Apparel/Garments | On 19th Aug 2017

Target to acquire Grand Junction for faster deliveries

Target Corporation has announced that it has agreed to acquire Grand...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

August 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
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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