Report
Jean Danjou

Kering : Still in transition, there will continue to be uncertainty about the next stage

>Top line growth to remain very modest in Q2, margins looking under control overall - The details provided by the group on the trends by geographic zones in retail point to overall growth that is unlikely to have reaccelerated much relative to the +4% y-o-y cc in reported terms for Q1 (total sales growth was +1% on this basis). While Asia Pacific driven by China is set to have picked up the pace again (its growth stood at +10% in Q1) and Japan continues to see strong ...
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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