We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Jun 12, 20246:18pm

Kering to improve profit and double in 2018

The group sales reached 13.66 billion euros, 26.3% up versus the previous fiscal year, thanks to the evolution of its business in all the regions.

Feb 12, 2019 — 12:00pm
Related topics

Gucci keeps boosting Kering: profits double in 2018



Kering doubles its earnings thanks to Gucci. The French luxury conglomerate, owner of brands such as Saint Laurent or Bottega Veneta, closed the fiscal year 2018 with a result of 3.71 billion euros, twice the profit obtained in 2017.


The group revenue reached 13.66 billion euros, 26.3% up from the previous fiscal year. The company grew in all the geographical regions where it operates. Kering’s ebitda reached 4.43 billion euros, 42% more.


Like-for-like sales of the group grew by 37.8% in North America, to 2.7 billion euros, while in Asia Pacific, excluding Japan, sales were 33.8% up, reaching 4.42 billion euros. In the Japanese market, the group sales were 1.15 billion euros, up 23.9%. In the European Union, the group’s revenue rose by 23.7%, reaching 4.47 billion euros.





The conglomerate attributed the result to the good performance of Gucci, whose sales reached 8.29 billion euros, 33.4% more. Yves Saint Laurent increased its revenue by 16.1%, to 1.74 billion euros. On the other hand, Bottega Veneta reduced its earnings in the fiscal year 2018, to 1.1 billion euros, what represented a fall of 5.7%. The other brands owned by Kering also improved in the last fiscal year, registering sales of 2.1 billion euros, 29.8% up. 

Participation rules



Validation policy for comments: 

MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment