Kering SA

KER

Equity

ISIN FR0000121485 / Valor 21591

Euronext - Euronext Paris (2024-12-24)

EUR 234.20-0.59%

Kering SA
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Kering SA is a global luxury group that oversees the growth and management of several prestigious fashion, leather goods, and jewelry houses, including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, and Alexander McQueen, among others. In addition to these renowned brands, Kering also operates in the eyewear and beauty sectors through Kering Eyewear and Kering Beauté. With a focus on luxury and craftsmanship, Kering SA is a key player in the high-end fashion industry, offering a diverse range of products and services to discerning customers worldwide.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Decline

In the first half of 2024, Kering SA reported a revenue of €9,018 million, marking an 11% decrease compared to the €10,135 million recorded in the first half of 2023. This decline was consistent across both reported and comparable change metrics, indicating challenges in maintaining sales momentum across its brand portfolio.

Operating Income Drop

Kering SA's operating income for the first half of 2024 was €1,569 million, a significant drop from the €2,739 million reported in the same period of 2023. This decrease reflects the impact of reduced sales and increased operating expenses, affecting the overall profitability of the group.

Net Income Reduction

The net income attributable to Kering SA for the first half of 2024 was €878 million, down from €1,785 million in the first half of 2023. This reduction in net income highlights the financial pressures faced by the company amidst a challenging market environment.

Earnings Per Share

For the first half of 2024, Kering SA reported basic earnings per share of €7.16, a decrease from €14.60 in the same period of the previous year. This decline in earnings per share is indicative of the overall reduction in profitability experienced by the company.

Outlook and Strategy

Despite the financial challenges in the first half of 2024, Kering SA remains focused on strategic initiatives to drive future growth. The company is likely to continue investing in brand development and operational efficiencies to enhance its competitive position in the luxury market.

Summarized from source with an LLMView Source

Key figures

-41.1%1Y

-65.9%3Y

-60.1%5Y

Performance

35.7%1Y

32.5%3Y

33.5%5Y

Volatility