Kering: FY 2020 earnings down 7%
(CercleFinance.com) - Kering has published 2020 net income, group share that is down 6.
9% at 2.15 billion euros, with underlying operating profit that is down 34.4% to nearly 3.14 billion euros, meaning a margin that is down 6.2 points to 23.9%.
The luxury goods group's sales came in at 13.1 billion euros, down 17.5% as reported and down 16.4% on a comparable basis, despite a continued strong acceleration in online sales, which soared 67.5% over the full-year.
Its Board of Directors has decided to propose a cash dividend of 8 euros per share for FY 2020 at the AGM, bearing in mind that an interim dividend of 2.50 euros per share has already been paid on 21 January.
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9% at 2.15 billion euros, with underlying operating profit that is down 34.4% to nearly 3.14 billion euros, meaning a margin that is down 6.2 points to 23.9%.
The luxury goods group's sales came in at 13.1 billion euros, down 17.5% as reported and down 16.4% on a comparable basis, despite a continued strong acceleration in online sales, which soared 67.5% over the full-year.
Its Board of Directors has decided to propose a cash dividend of 8 euros per share for FY 2020 at the AGM, bearing in mind that an interim dividend of 2.50 euros per share has already been paid on 21 January.
Copyright (c) 2021 CercleFinance.com. All rights reserved.