Report
Jean Danjou

Kering : Ventes T2 encore en forte baisse, la baisse des résultats au S2 va rester importante, nouveau reset des prévisions

>Les résultats du S1 sortent 1% sous les attentes, pas vraiment de surprise - Le CA S1 du groupe atteint 9018 M€ avec un EBIT récurrent à 1582 M€. On sort 1% sous nos prévisions (respectivement 9123 M€ et 1597 M€) et celles du consensus Visible Alpha (9128 M€ et 1602 M€). Le CA groupe au T2 baisse de 11% y/y tcc après -10% au T1 (nous avions -9%), le CA retail total baissant lui de 12% après -11% au T1. Les tendances par géographies en retail restent défavorables ho...
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

ResearchPool Subscriptions

Get the most out of your insights

Get in touch