Companies news  •  Members

Kering posts outstanding 2018 results

On 12 February 2019, Kering announced its results for 2018 with consolidated revenue hitting €13,665.2 million (up 26.3% as reported and 29.4% on a comparable basis).

François-Henri Pinault, Chairman and Chief Executive Officer, commented: 2018 was an excellent year for Kering and its Houses. Once again, we significantly outperformed our sector. In an environment that was generally favorable but grew increasingly complex, Kering generated 2.8 billion euros in incremental revenues and 1.3 billion euros in additional EBIT compared to 2017. Our healthy, balanced and profitable growth reflects skillful execution of our strategy, rigorous financial discipline, and a shared culture emphasizing responsibility and commitment. Having worked throughout the year to strengthen the Group and its brands, we have the ambition and the means to sustain our profitable growth momentum.

Remarkable increase in recurring operating income up 46.6% to €3,943.8 million

- Sharp rise in recurring operating margin to 28.9%

- Net income, Group share: €3,714.9 million, up 108.1%

- Strong free cash flow from operations: €2,955.2 million

- Recommended ordinary dividend of €10.50 per share

Sustained, profitable growth throughout the year against a very high base of comparison

-     Consolidated revenue up 29.4% on a comparable basis to €13,665.2 million, driven by all regions

  • Gucci and Saint Laurent continue to deliver exceptional growth (up 36.9% and 18.7% on a comparable basis, respectively)
  • Bottega Veneta down 3.4% on a comparable basis, pending the inaugural collections from the new Creative Director
  • Very strong momentum at Kering’s Other Houses (up 32.1% on a comparable basis), powered by Balenciaga and Alexander McQueen

- Record-high profitability: recurring operating income doubled over the past two years; sharp rise in recurring operating margin at 28.9%

Read the full release.

Useful links

Luxury and Retail Kering launches sustainable innovation award in Greater China with Plug and Play Kering appoints Jinqing Cai as President of Kering Greater China

More news

Analyses & Studies

Banking Consumer Study 2025

The Global Banking Consumer Study 2025 delves into the dynamic changes in the banking industry, driven by the rapid pace of digitalization. This study...

Companies news

Top 10 Banking Trends in 2025 and Beyond

The "Top 10 Banking Trends in 2025 and Beyond" report provides a comprehensive overview of the key trends that are expected to shape the banking...

Analyses & Studies

Global Luxury Outlook 2025

As the global economy weathers continued uncertainty, luxury brands are facing a new era—one marked by both cautious optimism and unprecedented shifts...

  1. 1
  2. 2
  3. 3
  4. 4
  5. ...
  6. 64