Kering: Very Strong Growth in Revenue in the First Half of 2019 Sharp Rise in Recurring Operating Income and Margin
KERING SA UNSP/ADR (PPRUY)
NASDAQ:AMEX Investor Relations:
kering.com/en/finance
Company Research
Source: Business Wire
Consolidated revenue: €7,638.4 million up 18.8% as reported and 15.3% on a comparable basisRecurring operating income1: up 25.3% to €2,252.7 millionRecurring operating margin1 up 160 basis points to 29.5%Net income, Group share1: €579.7 millionRecurring net income, Group share1,2: up 24.7% to €1,556.1 million PARIS--(BUSINESS WIRE)--Regulatory News:“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 euros in revenue in the six months, and our operating margin reached a record 29.5 percent. 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.”François-Henri Pinault, Chairman and Chief Executive Officer- Total revenue generated by t
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