Kering : Excellent end to the year for sales, Gucci faring better but to be confirmed
>A very good end to the year: Q4 sales +10% above the consensus - Kering reported 2021 sales of € 17,645m for recurring EBIT of € 5,017m (margin 28.4%), which corresponds to Q4 sales of € 5,410m (c.+32% org. y-o-y) and H2 EBIT of € 2,780m, i.e. a margin of 29.0%. Our full-year forecasts (sales € 17,001m, EBIT of € 4,777m) reflecting Q4 sales of € 4,766m (+18% org. y-o-y) and H2 EBIT of € 2,540m (margin of 28.4%), the Visible Alpha consensus was at around, respective...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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