Report
Jean Danjou

Kering : Excellente fin d’année sur les ventes, Gucci va mieux mais doit confirmer

>Très bonne fin d’année : le CA T4 ressort +10% au-dessus du consensus - Le CA 2021 de Kering ressort à 17645 M€ pour un EBIT récurrent de 5017 M€ (marge 28.4%), ce qui correspond à un CA T4 de 5410 M€ (c.+32% org y/y) et un EBIT S2 à 2780 M€, soit une marge de 29.0%. Nos prévisions annuelles (CA 17001 M€, EBIT 4777 M€) reflétaient un CA T4 à 4766 M€ (+18% org y/y) et un EBIT S2 à 2540 M€ (marge de 28.4%), le consensus Visible Alpha était autour de respectivement 491...
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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