Home / Knowledge / News / Fashion / Kering consolidated revenue up 26.8% in 2018 first half

Kering consolidated revenue up 26.8% in 2018 first half

01
Aug '18
Courtesy: Kering/ Bottega-Veneta
Courtesy: Kering/ Bottega-Veneta
The consolidated revenue of Kering, a global luxury group, in the first half of fiscal 2018 amounted to €6,431.9 million, up an outstanding 26.8 per cent as reported and 33.9 per cent based on a comparable group structure and exchange rates. This sharp year-on-year increase was driven by extremely strong sales growth in both mature and emerging markets.

Kering’s gross margin came to €4,776.3 million, up 30.0 per cent during the same period of 2017. The recurring operating income hit a record high of €1,771.9 million, up 53.1 per cent year on year, and consolidated recurring operating margin advanced to 27.5 per cent.

For the reported period, the EBITDA jumped 47.6 per cent to €2,021.6 million and the EBITDA margin widened to 31.4 per cent. Net income share surged 185.7 per cent to €2,359.6 million. Earnings per share stood at €18.74 versus €6.55 for first-half 2017. The recurring net income, group share came to €1,262.2 million (up 54.9 per cent) and net income from discontinued operations totaled €1,148.2 million, primarily from the capital gain resulting from the loss of control of PUMA.

"Kering achieved dazzling top-line and earnings performances in the quarter and six months. Our growth, grounded in the exclusivity and desirability of our brands, is remarkably healthy. The development model we implement across our Houses paves the way for increased value creation as well as profitable, sustained and consistent organic growth. While facing increasingly demanding comps and an uncertain global environment, we will once again substantially enhance our financial and operating performances in 2018," François-Henri Pinault, chairman and chief executive officer. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Ministry of Trade and Industry, Singapore

Textiles | On 14th Nov 2018

Vietnam ratifies trans-Pacific trade pact CPTPP

Vietnam’s 14th National Assembly recently adopted a resolution...

Courtesy: Pexels

Textiles | On 14th Nov 2018

India's WPI inflation for apparel up 0.7% in October

India’s annual rate of inflation, based on monthly wholesale price...

Courtesy: EU Chamber of Commerce

Textiles | On 14th Nov 2018

PRC promises unrealised: EU Chamber of Commerce in China

The European Union (EU) Chamber of Commerce in China has said the...

Interviews View All

Amrit Sethia, SOIE

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Cyril Pereira, Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Angelina Francesca Cheang, MY ANJE

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Cong Zheng,

Cong Zheng

The China Textile Machinery Association (CTMA) is a social-economic...

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Bani Batra,

Bani Batra

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

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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

Leave your Comments


November 2018

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

news category


Related Categories:

Advanced Search