Kering : Q3 2018 sales up 27.5%cc, 5% ahead of our estimates thanks to Gucci. No change in pace for Q4 at this juncture
>Q3 sales rose 27.5%cc, 5% ahead of our estimates. Gucci’s sales +35.1%cc (vs +25%cc forecast) - Kering has reported Q3 2018 sales (€ 3,402m, +27.5%cc) 5% above Oddo BHF’s estimates. By region, Asia-Pacific (+33%cc in retail luxury) and the US (+36%cc) are the main growth drivers, followed by Europe (+19%cc) and Japan (+22%cc). By brand in Q3 2018:Gucci (Q3 2018 sales: € 2,096m, +35.1%cc, 8% ahead of our estimates).Bottega Veneta (Q3 2018 sales: € ...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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