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Half Year 2020 Kering SA Earnings Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the Kering 2020 First Half Results Conference Call. (Operator Instructions) I must advise you the conference is being recorded today.
Our speakers today are Jean-François Palus, Group Managing Director; and Jean-Marc Duplaix, Chief Financial Officer.
I will now hand the call over to Mr. Duplaix. Please go ahead.
Good evening or good afternoon. Welcome to Kering's 2020 First Half Results Conference Call. We hope you are doing well and staying safe.
I'll go through our performance in the period, and Jean-François will share a longer-term perspective before we take your questions.
Starting with Slide 4. This first half was marked by the unprecedented health crisis and its heavy toll on operations. However, our scale, the strength of our model and of our brands, as well as our agility, enabled us to weather the situation and deliver resilient results.
Revenue first. In H1, sales were down roughly 30%
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