Kering : No miracles in Q1, Q2 will be worse pending the recovery
>Q1 2020 revenue slightly shy of the guidance issued - Q1 organic revenue growth came in at -16.4% (-15.4% in reported terms), just below the guidance issued in March (-15% l-f-l, -13%/-14% reported) but does not really come as a surprise given the context in the latter portion of March (closure of stores outside China and some countries in Asia, closure of logistics centres in Italy). We now know that Q2 will be much worse (stores closures in Europe and in the US for...Kering is engaged in the retail industry, particularly luxury fashion brands. Co.'s operations can be divided into two segments: Luxury and Sport & Lifestyle divisions. The Luxury division includes brands such as Gucci, Bottega Veneta, Yves Saint Laurent, Balenciaga, Boucheron, Sergio Rossi, Alexander McQueen, Girard-Perregaux & JeanRichard, & Stella McCartney. In addition, Co. offers Leather Goods, Shoes, Ready-to-wear, Watches, and Jewelry & Other products. The Sport & Lifestyle division designs & develops footwear, apparel & accessories and includes brands like Puma, Volcom and Electric among others.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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