The Group delivered remarkable growth in consolidated revenue in the first quarter of 2019, up 21.9% as reported and 17.5% on a comparable basis to €3,785.3 million.
Total sales from Kering’s Houses (up 17.4% on a comparable basis) progressed in all distribution channels, with a 18.6% comparable increase from the directly operated store network. This upward trend was driven by growth in all regions, particularly Asia-Pacific (up 29.6% on a comparable basis). Online sales continued to climb, and revenue from the wholesale network grew 12.2% on a comparable basis. Performances in Watches were contrasted in the quarter, while new models unveiled at the Salon International de la Haute Horlogerie (SIHH) in January 2019 were very well received.
A world leader in garments and accessories, Kering is developing a number of strong brands in the luxury, sports and lifestyle sectors. These brands include Gucci, Boucheron, Girard-Perregaux and Ulysse Nardin. At the end of 2018, the group employed more than 35,000 persons.
May 16, 2019