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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.

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