Kering SA

10/23/2018 | Press release | Distributed by Public on 10/23/2018 10:13

Chiffre d'affaires du 3ème trimestre 2018 (en anglais uniquement)

2016 First Quarter revenue

21 April 2016

2018 Third Quarter revenue

October 23, 2018

DISCLAIMER

This presentation does not constitute an offer of securities for sale in the United States of America or any other jurisdiction.

Certain information contained in this document may include projections and forecasts. They express objectives based on current assessments and estimates of the Group's executive management which are subject to numerous factors, risks and uncertainties. Consequently, reported figures and assessments may differ significantly from projected figures. The following factors among others set out in the Reference Document (Document de Référence) filed with the French Financial Markets Authority (Autorité des Marchés Financiers - AMF) on March 28, 2018 which is available on Kering's website at www.kering.com may cause actual figures to differ materially from projected figures: any unfavourable development affecting consumer spending in the activities of the Group in France and abroad, notably for products and services sold by the Luxury Goods and Sport & Lifestyle brands, the events, crises, fears, and resulting costs of complying with environmental, health and safety regulations and all other regulations with which Group companies are required to comply; the competitive situation on each of our markets; exchange rate and other risks related to international activities; risks arising from current or future litigation. Kering gives no commitment to updating and/or revising and/or commenting any projections and forecasts, or their impact on the results and perspectives of the Group, which may be contained in this presentation.

The information contained in this document has been selected by the Group's executive management to present Kering's 3rd quarter 2018 revenue. This document has not been independently verified. Kering makes no representation or undertaking as to the accuracy or completeness of such information. None of the Kering or any of its affiliates representatives shall bear any liability (in negligence or otherwise) for any loss arising from any use of this presentation or its contents or otherwise arising in connection with this presentation.

IN NO WAY DOES KERING ASSUME ANY RESPONSIBILITY FOR ANY INVESTMENT OR OTHER DECISIONS MADE BASED UPON THE INFORMATION PROVIDED IN THIS PRESENTATION. INFORMATION IN THIS PRESENTATION, INCLUDING FORECAST FINANCIAL INFORMATION, SHOULD NOT BE CONSIDERED AS ADVICE OR A RECOMMENDATION TO INVESTORS OR POTENTIAL INVESTORS IN RELATION TO HOLDING, PURCHASING OR SELLING SECURITIES OR OTHER FINANCIAL PRODUCTS OR INSTRUMENTS AND DOES NOT TAKE INTO ACCOUNT YOUR PARTICULAR INVESTMENT OBJECTIVES, FINANCIAL SITUATION OR NEEDS. BEFORE ACTING ON ANY INFORMATION YOU SHOULD CONSIDER THE APPROPRIATENESS OF THE INFORMATION HAVING REGARD TO THESE MATTERS, ANY RELEVANT OFFER DOCUMENT AND IN PARTICULAR, YOU SHOULD SEEK INDEPENDENT FINANCIAL ADVICE. ALL SECURITIES AND FINANCIAL PRODUCT OR INSTRUMENT TRANSACTIONS INVOLVE RISKS, WHICH INCLUDE (AMONG OTHERS) THE RISK OF ADVERSE OR UNANTICIPATED MARKET, FINANCIAL OR POLITICAL DEVELOPMENTS AND, IN INTERNATIONAL TRANSACTIONS, CURRENCY RISK. READERS ARE ADVISED TO REVIEW THE COMPANY'S REFERENCE DOCUMENT AND THE COMPANY'S APPLICABLE AMF FILINGS BEFORE MAKING ANY INVESTMENT OR OTHER DECISION.

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23.10.2018

Q3 2018 REVENUE: SUSTAINED OUTPERFORMANCE, UP 27.5% COMPARABLE

KERING

LUXURY HOUSES

CORPORATE & OTHER

CONTINUING OPERATIONS*

Q3 18: €3,402m

Q3 18: €3,318m

Q3 18: €84m

Q3 17 restated: €2,665m

Q3 17 restated: €2,609m

Q3 17 restated: €56m

+27.6% reported

+27.2% reported

+48.8% reported

+27.5% comparable**

+27.1% comparable**

+43.7% comparable**

COMPARABLE GROUP REVENUE GROWTH ON TOP OF DEMANDING COMPARISONS

Q1

201820172016 non restated

Q2

Q3

* Volcom, Stella McCartney and Christopher Kane treated as discontinued operations (IFRS 5). From May 16, 2018, Puma is equity-accounted. 2017 figures have been restated accordingly.

** At constant scope and exchange rates

23.10.2018

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LUXURY HOUSES

Q3 2018 revenue: €3,318m +27.2% reported; +27.1% comparable

REVENUE CHANGE BY REGION AND CHANNEL

(in €m, and comparable growth in %)

REVENUE BREAKDOWN BY REGION

(on total Q3 revenue, in %)

+27%

+28%

2,609

0%

+11%

3,318

RoW 6%

Q3 2017

FX impact

Retail

WholesaleRoyalties and othersQ3 2018

Asia Pacific 32%

SOLID DOUBLE-DIGIT GROWTH ACROSS REGIONS AND CHANNELS

  • Retail +28%

    • North America and APAC leading, up 36% and 33%, respectively

    • Japan very solid; Western Europe: all countries up double-digit except UK

    • E-commerce revenue up more than 80%, driven by North America and Western

      Europe (76% of total online sales); fast growth in APAC on lower penetration

  • Wholesale up healthy 27%

  • No FX impact

23.10.2018

QUALITY GROWTH BASED ON HIGHLY CREATIVE AND INNOVATIVE CONTENT

  • Customer engagement nurtured by 360 ° brand approach

    • Resounding Spring Summer '19 Fashion Shows

    • Best-in-class digital and social media presence

    • Consistent in-store excellence and rapid progress toward seamless omnichannel integration

  • Number of DOS at end of September: 1,400 (continuing operations)

    18 net openings during the quarter

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