Kering (ENXTPA: KER) 1H19 Results: Double-Digit Sales and Earnings Gains Driven by Gucci

Executive Summary

• Kering reported 1H19 revenues of €7.64 billion, up 18.8% year over year.
• Gucci reported a 19.8% increase in revenue to €4.62 billion, Saint Laurent reported a 20.4% increase in sales to €973.0 million. Bottega Veneta lagged with a 0.6% revenue decline.
• Kering will continue to work on its strategy to achieve same-store revenue growth and develop its cross-business growth platforms.