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Kering: net income group share up 34% at E1,988m

(CercleFinance.com) - Group revenue for H1 was 23% on a reported basis to 9,930 million euros and +16% on a comparable basis y-o-y.

It was also up sharply compared to H1 2019, at +28% on a comparable basis.

Gucci's revenue reached 5,173 million euros (+15% as reported and +8% on a comparable basis). Gucci recorded recurring operating income of 1,886 million euro. 1,481 million (+42% on a reported basis and +34% on a comparable basis),

Profit from recurring operations rose by 26% in H1 to 2,820 million euros, thanks to the contribution of each of the Houses. The recurring operating margin was 28.4%, up 60 basis points compared to H1 2021.

Net income, group share reached a record of 1,988 million euros, up 34%. Free cash flow from operations was also very high, at over 2 billion euros.


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