Kering : An unsurprising and lacklustre Q1, albeit with some encouraging signs towards the end of the quarter
>Group organic growth reaches just +1% in Q1, no real surprise - The group’s Q1 revenue reached € 5.077bn, with y-o-y organic growth coming out at +1% of which +4% for the Retail business, which now accounts for 76% of sales (non-retail sales fell by -10% with -21% for the Wholesale luxury brands segment), bearing in mind that total growth in Q4 2022 was negative at -7% of which -8% for Retail. We were expecting € 5.025bn, of which -1% organic growth, and the pre-rele...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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