Kering: net income more than doubles in 2017
(CercleFinance.com) - Kering has published FY 2017 net income group share that is up 119.
5% at 1,785.6 million euros, with record underlying operating income that is up 56.3% at 2,948 million euros.
Revenues totalled 15,477.7 million euros, up 25% as reported and up 27.2% like-for-like, with the group's luxury businesses for the first time exceeding the threshold of 10 billion euros.
In 2018, Kering will strive for rigorous management and allocation of its resources, with a view to further improving its operating performance, maintaining high cash flow generation, increasing the profitability of its capital employed.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
5% at 1,785.6 million euros, with record underlying operating income that is up 56.3% at 2,948 million euros.
Revenues totalled 15,477.7 million euros, up 25% as reported and up 27.2% like-for-like, with the group's luxury businesses for the first time exceeding the threshold of 10 billion euros.
In 2018, Kering will strive for rigorous management and allocation of its resources, with a view to further improving its operating performance, maintaining high cash flow generation, increasing the profitability of its capital employed.
Copyright (c) 2018 CercleFinance.com. All rights reserved.