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Kering's gross margin rises 12.36% in 2015
22
Feb '16
Kering, a France based group of 21 internationally reputed apparel and accessories companies, reported a rise of 12.36 per cent in its gross margin in 2015 to €7,074.2 million as compared to €6,295.8 million in 2014, according to a press statement released by the group.

Net income for the group was €696 million in 2015 as compared to €528.9 million in 2014, a rise of 31.6 per cent. EPS was €5.52 in 2015 as compared to €4.20 in 2014, a rise of 31.42 per cent.

Income before tax for the group was €1,004.1 million in 2015, a fall of 25.86 per cent as compared to €1,354.5 million in 2014.

Total revenue posted by the group was €11,584.2 million in 2015 as compared to €10,037.5 million in 2014, a rise of 15.40 per cent.

Commenting on the results, Francois-Henri Pinault, chairman and CEO of the group said, “Kering's solid 2015 results reflect brisk sales and improved operating performances in the second half of the year. These results come amid a more complex economic and geopolitical environment, accentuating the shifts taking place in our sector.”

“I am confident that the work of our creative teams and the commitment of all our associates will enable us to extend our growth trajectory in 2016 and beyond,” he added. (MCJ)

Fibre2Fashion News Desk - India

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