VERY GOOD PERFORMANCE IN THE FIRST QUARTER
Group revenue in the first quarter of 2019: €3,785.3 million
up 21.9% as reported
up 17.5% on a comparable basis
“Delivering a solid start to 2019, Kering continued to outperform. On top of very strong increases in the first
quarter of last year, Gucci, Saint Laurent and our Other Houses all posted excellent revenue growth, fueled by
the creativity of their offers and the innovativeness of their execution. As Bottega Veneta implements a
fundamental reset, early indicators are highly encouraging. The agility we have put at the heart of our
organization positions us well to continue achieving steady, sustainable and profitable growth.”
François-Henri Pinault, Chairman and Chief Executive Officer
• Sharp growth in Gucci sales (up 20.0% on a comparable basis) on top of very high bases of
comparison.
• A very solid start to the year for Yves Saint Laurent (up 17.5% on a comparable basis), with balanced
growth across all regions.
• Contraction in sales for Bottega Veneta (down 8.9% on a comparable basis) and a promising response
to Daniel Lee’s first creations.
• Very strong momentum at Kering’s Other Houses (up 21.7% on a comparable basis), powered by
Balenciaga and Alexander McQueen. Solid performances of Watches and Jewelry.
https://keringcorporate.dam.kering.com/m/6e0fc76e42cfcea0/original/Press-release-2019-Q1-revenue-Very-good-performance-in-the-first-quarter.pdf
