Kering: net income more than doubles in 2018
(CercleFinance.com) - Luxury goods giant Kering has published 2018 net income, group share that is up 108.
1% at 3,714.9 million euros, or 29.49 euros per share, with an underlying operating margin of 28.9%, up 400 basis points relative to 2017.
Revenue reached 13,665.2 million euros, up 26.3% as reported and up 29.4% on a comparable basis, with, "Gucci and Saint Laurent continue to deliver exceptional growth (up 36.9% and 18.7% on a comparable basis, respectively)".
For this fiscal year, Kering's Board of Directors has decided to propose a cash dividend of 10.50 euros per share. An interim cash dividend of 3.50 euros was paid on 17 January, with the balance set to be paid on 6 May.
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1% at 3,714.9 million euros, or 29.49 euros per share, with an underlying operating margin of 28.9%, up 400 basis points relative to 2017.
Revenue reached 13,665.2 million euros, up 26.3% as reported and up 29.4% on a comparable basis, with, "Gucci and Saint Laurent continue to deliver exceptional growth (up 36.9% and 18.7% on a comparable basis, respectively)".
For this fiscal year, Kering's Board of Directors has decided to propose a cash dividend of 10.50 euros per share. An interim cash dividend of 3.50 euros was paid on 17 January, with the balance set to be paid on 6 May.
Copyright (c) 2019 CercleFinance.com. All rights reserved.