Report
Jean Danjou

Kering : Activité sans surprise au T4, recul des marges à venir conséquent, un nouveau départ est recherché chez Gucci

>CA T4 terne mais sous contrôle à -4% à tcc, marge EBIT S2 en recul conséquent - Kering sort au titre des résultats annuels un CA 2023 à 19566 M€, soit -2% en organique et un EBIT à 4746 M€, soit une marge à 24.3% (elle s’élevait à 27.5% pour 2022). Nous tablions sur respectivement 19416 M€ et 4843 M€ (marge à 24.9%) et le consensus relevé par la société indiquait 19476 M€ et 4839 M€ (marge à 24.8%). L’activité est très légèrement au-dessus des attentes mais l’écart ...
Underlying
Kering SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jean Danjou

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