Home / Knowledge / News / Results/Reports / Kering's revenue jumps 18.8% to €7,638.4 mn in H1 2019

Kering's revenue jumps 18.8% to €7,638.4 mn in H1 2019

28
Jul '19
Pic: Kering
Pic: Kering
Global luxury group Kering’s consolidated revenue jumped 18.8 per cent to €7,638.4 million and 15.3 per cent on a comparable basis in H1 2019, as compared to H1 of 2018. The recurring net income was up 24.7 per cent to €1,556.1 million, which nearly doubled in the space of two years showing a very sharp rise in profitability of the company.

The first half of 2019 was another period of outstanding growth for Gucci, with its revenue up 16.3 per cent on a comparable basis despite particularly high bases of comparison. Yves Saint Laurent delivered ongoing strong growth momentum with sales up 16.6 per cent on a comparable basis. For Bottega Veneta, sales were down 3.8 per cent on a comparable basis with a positive second quarter. Other Houses gave excellent performances with sales up 20.3 per cent on a comparable basis, powered by Balenciaga, Alexander McQueen and the Jewelry Houses, said a press release from Kering.

“In the first half of the year, we delivered another very strong set of results. Kering’s revenue growth handily topped market trends, and was highly profitable. We created an additional €1.2 billion in revenue in the six months, and our operating margin reached a record 29.5 per cent. Our strategy is clearly paying off. The success of our brands, built on creativity, innovation, and customer dedication, along with rigorous execution and financial discipline, are delivering a superior combination of organic growth and sustainable profitability,” said François-Henri Pinault, chairman and chief executive officer of Kering. (PC)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

E-commerce | On 3rd Mar 2021

Digital e-com rules may negatively affect developing

Many digital rules being framed by a group of 86 countries under the...

Pic: Shutterstock

E-commerce | On 3rd Mar 2021

Jordan govt urged to impose tax on online purchases from

Asad Qawasmi, who represents the garment and jewellery sector at the...

Pic: Huntsman Textile Effects

Textiles | On 3rd Mar 2021

Huntsman, Sciessent partner for microbe & odour resistant

Huntsman Textile Effects, a Singapore-based provider of high-quality...

Interviews View All

Amit Jain, Shingora Textiles Ltd

Amit Jain
Shingora Textiles Ltd

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

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Anvita Mehra, Confidential Couture

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Devendra Gupta,

Devendra Gupta

Reforce, a start-up based in Gurgaon, aims to revolutionise the fitness...

Vikram Saria,

Vikram Saria

Shanghai-based Aura Designs Ltd is a leading manufacturer of textile and...

Marco Girola,

Marco Girola

With its commitment to innovation and deep technical expertise,...

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

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

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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


February 2021

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


Advanced Search