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KERING (ENXTPA: KER) 1Q16 Results: Sales Grow Despite Challenging Market Conditions

Executive Summary

  • French luxury group Kering reported 1Q16 revenue of €2,724 million, up 2.7% from 1Q15.
  • The Luxury Activities segment’s revenue rose by 2.8% year over year, with Gucci sales up 2.9%. The Sports and Lifestyle Activities segment’s revenue increased by 2.6%, with Puma sales up 3.7%.
  • CEO François-Henri Pinault said that the company is confident it will extend its “growth trajectory over the full year.”



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