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PPR reports strong Q1 growth in all regions

27
Apr '12
The PPR Group, coherent ensemble of Luxury and Sport & Lifestyle premium brands announces result of first quarter financial 2012.

In the first quarter of 2012, PPR posted €3.3 billion in revenue from continuing operations, up 7.9% on a comparable basis and 15.4% on a reported basis versus first quarter 2011. This strong start to the year was powered by the fast-paced growth of the Group's businesses in emerging countries which now represent around 37% of revenue for the Luxury and Sport & Lifestyle divisions.

Revenue for the Luxury Division surged 29.1% on a reported basis, with double-digit growth in all geographic areas. The Sport & Lifestyle Division also continued to advance, reporting a 14.6% increase in revenue on a reported basis. Overall, sales for the Luxury and Sport & Lifestyle businesses climbed 23.2% on a reported basis and 11.6% in comparable terms.

François-Henri Pinault, Chairman and Chief Executive Officer, commented: "PPR delivered a highly satisfactory performance overall in the first quarter of 2012. Our Luxury brands once again reported strong growth in all geographic areas, while our Sport & Lifestyle brands continued to move ahead.

I would also like to highlight Fnac's significant market share gains. These performances bear witness to the Group's momentum, its successful multi-brand strategy, the remarkable geographic spread of its businesses and the strength of its business model. This reinforces our confidence in PPR's ability to deliver another year of brisk revenue growth, combined with gains in operating and financial performance, in 2012."

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PPR Group


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