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Kering SA

PRTP.PA

Latest Trade

489.70EUR

Change

7.95(+1.65%)

Volume

183,278

Today's Range

474.60

 - 

494.10

52 Week Range

348.55

 - 

614.90

As of on the Euronext Paris ∙ Minimum 15 minute delay

Latest Developments

Kering's CFO Says Lack Of Tourism Likely To Continue At Least Until First Half Of 2021

July 28 (Reuters) - :KERING'S CFO SAYS LACK OF TOURISM LIKELY TO CONTINUE AT LEAST UNTIL FIRST HALF OF 2021.

Kering's Brands Sales Grew On Average 50% To 70% In China Since May -CFO

July 28 (Reuters) - KERING <PRTP.PA>::KERING CFO SAYS GROUP'S BRANDS HAVE ENJOYED 50% TO 70% SALES GROWTH IN CHINA SINCE MAY ON AVERAGE.KERING CFO SAYS ONLINE SALES ACCOUNTED FOR 18% OF OVERALL SALES IN Q2 FROM UNDER 10% AT BEGINNING OF YEAR.

Kering H1 Recurring Operating Margin Of 17.7%

July 28 (Reuters) - KERING <PRTP.PA>::H1 CONSOLIDATED REVENUE €5,378.3 MILLION, DOWN 30.1% ON COMPARABLE BASIS.H1 RECURRING OPERATING INCOME AMOUNTED TO €952.4 MILLION, DOWN 57.7% Y/Y.H1 NET INCOME GROUP SHARE AMOUNTED TO €272.6 MILLION; EPS GROUP SHARE €2.18.H1 RECURRING OPERATING MARGIN OF 17.7%.H1 EBITDA €1,675.0 MILLION, DOWN 40.4% Y/Y.GUCCI'S H1 REVENUE OF €3,072.2 MILLION, DOWN 33.8% Y/Y ON COMPARABLE BASIS.GUCCI'S Q2 REVENUE FELL 44.7% ON COMPARABLE BASIS.GUCCI'S H1 RECURRING OPERATING MARGIN WAS EXTREMELY RESILIENT, EXCEEDING 30%.SAYS LOSS IN H1 REVENUE SHOULD NOT BE OFFSET IN H2.SAYS REMAINS CONFIDENT IN ITS GROWTH POTENTIAL FOR MEDIUM AND LONG TERM.SAYS NOT POSSIBLE TO PROJECT RECURRING OPERATING MARGIN FOR 2020.SAYS IMPOSSIBLE TO FORECAST H2 SALES WITH ANY SUFFICIENT DEGREE OF RELIABILITY.

Artemis stake in Puma to drop to 25% after bond sale -bookrunner

June 18 (Reuters) - Bookrunner said on Thursday::ARTEMIS, THE INVESTMENT COMPANY FOR THE PINAULT FAMILY, LAUNCHES EXCHANGEABLE BOND ON PUMA SHARES.ARTEMIS STAKE IN PUMA WILL DROP TO 25% FROM 28.7% NOW FOLLOWING BOND SALE AND ASSUMING THE BONDS ARE EXCHANGED.

Kering Issues Dual-Tranche Bond For Total Of EUR 1.2 Billion

May 5 (Reuters) - Kering SA <PRTP.PA>::KERING: DUAL-TRANCHE BOND ISSUE FOR A TOTAL AMOUNT OF 1.2 BILLION EUROS.EUR 600 MILLION TRANCHE WITH A 3 YEAR MATURITY AND A 0.25% COUPON.A EUR 600 MILLION TRANCHE WITH A 8 YEAR MATURITY AND A 0.75% COUPON.ISSUE ENABLES KERING TO DIVERSIFY ITS SOURCES OF FINANCING AND TO ENHANCE ITS FUNDING FLEXIBILITY THROUGH REFINANCING OF EXISTING DEBT AND EXTENSION OF THEIR AVERAGE MATURITY.PLACEMENT IS MANAGED CRÉDIT AGRICOLE CIB, HSBC, BNP PARIBAS, NATIXIS, SOCIÉTÉ GÉNÉRALE, UNICREDIT AND MITSUBISHI UFG.

Kering CFO Says Now Not Right Time To Talk About M&A Opportunities

April 21 (Reuters) - Kering SA <PRTP.PA>::KERING CFO SAYS THERE MAY BE SOME DELAYS OF A FEW WEEKS IN PRODUCTION BUT DOES NOT EXPECT THIS TO BE A MAJOR ISSUE.KERING CFO SAYS EXPECTS H1 GROSS MARGIN TO BE HIT AS COMPANY WORKS ON COST CUTTING.KERING CFO SAYS GROUP TO CUT GUCCI'S WHOLESALE PRESENCE IN 2020, AIM IS TO REDIRECT TRAFFIC TO WEBSITE OR RETAIL NETWORK.KERING CFO SAYS GROUP COULD USE PARTIAL UNEMPLOYMENT SCHEMES IN SOME COUNTRIES ON CASE BY CASE BASIS, BUT NOT EXPECTING ANY BIG SAVINGS FROM THIS, PARTICULARLY IN FRANCE.KERING CFO SAYS NOW NOT THE RIGHT TIME TO TALK ABOUT M&A OPPORTUNITIES, WE ARE OPEN IN THE LONG TERM BUT RIGHT NOW NEED TO FOCUS ON MANAGING OPERATIONS.

Kering Q1 Revenue Down At EUR 3.20 Bln

April 21 (Reuters) - KERING SA <PRTP.PA>::​Q1 GROUP REVENUE EUR ‍​3.20 BILLION VERSUS EUR 3.79 BILLION YEAR AGO.‍​Q1 REVENUE FOR GUCCI EUR ‍​1.80 BILLION VERSUS EUR 2.33 BILLION YEAR AGO.ON GUCCI: TRENDS IN MAINLAND CHINA GRADUALLY IMPROVING SINCE STORES BEGAN REOPENING IN EARLY MARCH.ON GUCCI: Q1 SALES FROM DIRECTLY OPERATED STORES FELL 23.8% Y/Y.PROPOSES DIVIDEND OF 8.00 EUROS IN CASH PER SHARE, I.E. DECREASE OF 30% COMPARED TO INITIAL PROPOSAL.KERING CFO SAYS SALES TRENDS HAVE IMPROVED IN MAINLAND CHINA FOR ALMOST ALL ITS BRANDS SINCE START OF APRIL.KERING CFO SAYS ANY RECOVERY UNLIKELY TO START BEFORE JUNE-JULY.KERING CFO SAYS TRENDS IN CHINA ARE ENCOURAGING BUT TOO EARLY TO DRAW ANY CONCLUSIONS FOR Q2.KERING CFO SAYS E-COMMERCE GREW BY 20% GLOBALLY IN Q1, WITH GUCCI EXPERIENCING THREE-DIGIT PERCENTAGE GROWTH IN MAINLAND CHINA.‍​THE COVID-19 PANDEMIC TOOK A HEAVY TOLL ON OUR OPERATIONS IN THE FIRST QUARTER - CEO.FINAL DATE OF THE ANNUAL MEETING OF SHAREHOLDERS WILL BE JUNE 16, 2020, AT 3PM PARIS TIME.

Kering CEO Reduces Fixed Portion Of His Salary Until End-2020

April 10 (Reuters) - Kering SA <PRTP.PA>::FRANÇOIS-HENRI PINAULT, CHAIRMAN AND CEO OF KERING, HAS DECIDED TO REDUCE THE FIXED PORTION OF HIS SALARY BY 25% FROM APRIL 1ST, UNTIL THE END OF 2020.FRANÇOIS-HENRI PINAULT AND JEAN-FRANÇOIS-PALUS WAIVE ENTIRETY OF VARIABLE PORTIONS OF THEIR ANNUAL REMUNERATION FOR 2020.

Kering Postpones Annual General Meeting To June 23

March 30 (Reuters) - KERING SA <PRTP.PA>::KERING: 2020 ANNUAL GENERAL MEETING.DECIDED TO POSTPONE TO TUESDAY, JUNE 23, 2020 2020 ANNUAL GENERAL MEETING INITIALLY SCHEDULED FOR THURSDAY, APRIL 23, 2020.

Kering Expects Q1 Consolidated Revenue In Decline

March 20 (Reuters) - KERING SA <PRTP.PA>::KERING: INITIAL ESTIMATE OF COVID-19 EPIDEMIC IMPACT.ON CORONAVIRUS: KERING ESTIMATES THAT ITS CONSOLIDATED REVENUE FOR THE FIRST QUARTER OF 2020, ENDING MARCH 31, SHOULD POST A DECLINE OF 13% TO 14% IN REPORTED TERMS (DOWN AROUND 15% IN COMPARABLE TERMS) VERSUS THE FIRST QUARTER OF 2019.ON CORONAVIRUS: IS OBSERVING ENCOURAGING SIGNS IN MAINLAND CHINA, WHERE DECLINE IN STORE TRAFFIC, AND HENCE IN SALES, IS NARROWING.EXPECTS A FIRST HALF 2020 RECURRING OPERATING MARGIN IN DECLINE, WHICH WOULD BE PREMATURE TO QUANTIFY AT THIS STAGE GIVEN THE DYNAMIC NATURE OF THE SITUATION AND THE CURRENT LACK OF VISIBILITY.EXPECTS Q2 2020 REVENUE SHARPLY IMPACTED BY EFFECT OF EPIDEMIC ON LOCAL CLIENTELES AND TOURISM.THE GROUP IS CURRENTLY CONSIDERING ADDITIONAL MEASURES THAT CAN BE ACTIVATED TO MITIGATE THE DILUTION OF ITS RECURRING OPERATING MARGIN THROUGHOUT THE YEAR, WHILE PROTECTING ITS HOUSES’ MARKET POSITIONS AND PRESERVING THEIR GROWTH POTENTIAL AND CAPACITY TO BOUNCE BACK IN THE SHORT AND MEDIUM TERM.THE EPIDEMIC DOES NOT CALL INTO QUESTION THE STRUCTURAL DRIVERS OF THE LUXURY INDUSTRY.THE STRENGTH OF KERING’S BUSINESS MODEL REINFORCE THE GROUP’S CONFIDENCE IN ITS MEDIUM- AND LONG-TERM GROWTH PROSPECTS.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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