Kering : Q4 business trend not encouraging, we are sticking with our “wait-and-see” stance
>Date publication: 18/02/2021 07:59 - Date rédaction: 18/02/2021 07:53 - / - Sources : ODDO BHF Securities, SIX - / - - Solid annual results and tight control of costs but business in Q4 disappointing notably for Gucci - The group reported a solid FY 2020 EBIT of €3,135m (margin 23.9%), which is 4% above our expectations (+2% above consensus) and reflects the return to almost normal margins in H2 for all brands/divisions thanks to cost control initiated in H1 and mainta...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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