Remarkable performance for Kering

In 2018, the French luxury group generated sales of €13,665.2 million, up 29.4% on a comparable basis.

 Current operating income reached 3,943.8 million, a record increase of +46.6% compared to 2017.

All geographical areas posted very high growth rates, with an increase of +37.8% on a comparable basis in North America, +33.8% in Asia-Pacific, +23.9% in Japan and +23.7% in Western Europe.

This remarkable growth was driven by Gucci (+36.9% on a comparable basis) and Saint Laurent (+18.7% on a comparable basis). Excellent momentum was shown by Other Houses (+32.1% on a comparable basis), powered by Balenciaga and Alexander McQueen. Bottega Veneta, on the other hand, reported lower results (-3.4% on a comparable basis), pending the inaugural collections from the new Creative Director.

February 28, 2019