Paris-based Kering has reported that its consolidated revenue from current operations fetched 11.58 billion euros last year, marking a zoom of 15.4 per cent on 2014 as reported and 4.6 per cent on an equivalent group scope and exchange rate.
Besides, income from existing operations attributable to owners of the parent of 655.0 million euros in 2015 compared to 1.01 billion euros, prior year. Earnings per share from continuing operations totalled at 5.20 euros as against 8 euros in comparable period. “The brand’s new creative vision – enthusiastically received by the trade press and customers alike – coupled with the rapid roll-out of the brand’s new strategy, provided fresh impetus and drove solid, promising performances in the fourth quarter of the year,” the company said.
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The company reported that net income group share was 696.0 million euros compared to 528.9 million euros in 2015. Earnings per share amounted to 5.52 euros compared to 4.20 euros. However, recurring operating income at Kering dropped slightly to 1.65 billion euros from 1.66 billion euros. Adjusted for non-recurring items net of tax, net income, group share from continuing operations plunged 13.6 per cent at 1.02 billion euros compared to 1.18 billion euros in 2014.
Kering is a luxury goods holding company, owner of luxury and lifestyle brands, like Alexander McQueen, Balenciaga, Brioni, Gucci, Puma, Volcom and Saint Laurent Paris, distributed in 120 countries.
