Kering: Preliminary information regarding the first quarter
20 3월 2024 - 2:00AM
Kering: Preliminary information regarding the first quarter
Kering Release Preliminary Information Q1 2024-03-19
ENG
PRESS RELEASE |
March 19, 2024 |
PRELIMINARY INFORMATION REGARDING THE
FIRST QUARTER
In a first half that Kering expected to be
challenging, current trends lead the Group to estimate that its
consolidated revenue in the first quarter of 2024 should decline by
approximately 10% on a comparable basis, from last year’s first
quarter. This performance primarily reflects a steeper sales drop
at Gucci, notably in the Asia-Pacific region. Gucci comparable
revenues in the first quarter are expected to be down by nearly 20%
year on year.
Early products, primarily ready-to-wear, from
the Ancora collection have been on offer in selected Gucci stores
since mid-February. The new collection, whose availability will
gradually be ramped up over the coming months, is meeting with
highly favorable reception.
Kering will release its first quarter 2024
revenue on April 23 after market.
The reported revenue will include the positive
contribution of the consolidation of Creed on a full quarter basis
as well as a negative FX impact. The combined effect of these two
elements is estimated at approximately -1 to -2%.
About Kering
A global Luxury group, Kering manages the
development of a series of renowned Houses in Fashion, Leather
Goods and Jewelry: Gucci, Saint Laurent, Bottega Veneta,
Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo,
Qeelin and Ginori 1735, as well as Kering Eyewear and Kering
Beauté. By placing creativity at the heart of its strategy, Kering
enables its Houses to set new limits in terms of their creative
expression while crafting tomorrow’s Luxury in a sustainable and
responsible way. We capture these beliefs in our signature:
“Empowering Imagination”. In 2023, Kering had 49,000 employees and
revenue of €19.6 billion.
Contacts
Press |
|
|
Emilie
Gargatte |
+33 (0)1 45 64 61
20 |
emilie.gargatte@kering.com |
Marie de
Montreynaud |
+33 (0)1 45 64 62
53 |
marie.demontreynaud@kering.com |
|
|
|
Analysts/investors |
|
|
Claire
Roblet |
+33 (0)1 45 64 61
49 |
claire.roblet@kering.com |
Julien
Brosillon |
+33 (0)1 45 64 62
30 |
julien.brosillon@kering.com |
MAIN DEFINITIONS
"Reported" and "comparable"
growthThe Group’s "reported" growth corresponds to the
change in reported revenue between two periods.The Group measures
"comparable" growth (also referred to as "organic" growth) in its
business by comparing revenue between two periods at constant scope
and exchange rates.Changes in scope are dealt with as follows for
the periods concerned:
- the portion of revenue relating to
acquired entities is excluded from the current period;
- the portion relating to entities
divested or in the process of being divested is excluded from the
previous period.
Currency effects are calculated by applying the
average exchange rates for the current period to amounts in the
previous period.
- Kering Release Preliminary Information Q1 2024-03-19 ENG
Kering (TG:PPX)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Kering (TG:PPX)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024