News 
Kering achieves a record performance in the first three months of the year, posting a sharp acceleration in sales growth.
Within somewhat more favourable market conditions, this extremely good performance primarily stems from the meticulous strategy execution and creative boldness of the companies within the group. In a climate of lingering geopolitical and macroeconomic uncertainties, this first quarter showing puts Kering in a strong position for the rest of the year.
Revenue generated by Luxury activities totalled €2,417.1 million, up by a sharp 34.0% as reported (31.6% on a comparable basis), against a favourable base of comparison.
Sales growth in the Group’s directly operated store network was particularly high (+36.6% on a comparable basis), notably driven by the brand’s dynamic sales in Western Europe (+49.9% on a comparable basis), Asia Pacific (+46.7%), North America (+29.7%) and the rest of the world (+28.1%). Online sales leapt +60.1%, underscoring the success of the digital strategy implemented by the Kering’s Luxury Houses. Wholesale revenue climbed 20.2% on a comparable basis.
The particularly remarkable growth reported by Gucci during this quarter demonstrates the resounding success of the brand’s creative reinvention and the excellent skill with which its strategy has been implemented. Revenue, which shot up by +51.4% as reported (48.3% on a comparable basis), showed an increase in all regions and product categories.
Revenue generated by Sport & Lifestyle activities advanced 16.5% year on year as reported (+14.0% on a comparable basis), fuelled by an excellent performance from Puma.
May 05, 2017