Kering SA (XSWX:KER)

CHF 526.1666 0 (0%) Market Cap: 70.51 Bil Enterprise Value: 77.35 Bil PE Ratio: 13.09 PB Ratio: 1.82 GF Score: 88/100

Q3 2021 Kering SA Corporate Sales Call Transcript

Oct 19, 2021 / 04:00PM GMT

Release Date Price: CHF526.17

Transcript

Operator

Thank you for standing by, and welcome to Kering's 2021 Third Quarter Revenue Conference Call. (Operator Instructions) I must advise you the call is recorded today on Tuesday, the 19th of October 2021.

I would now like to hand over to your speaker today, Mr. Jean-Marc Duplaix, Chief Financial Officer. Please go ahead.

Jean;Marc Duplaix

Kering SA - CFO

Good evening to all of you and welcome to Kering's Third Quarter 2021 revenue call.

Starting on Slide 4. Group revenue reached EUR 12.2 billion in the first 9 months of the year, a strong year-on-year increase of 34.5% in reported terms and 36.6% comparable. Revenue is up 9% comparable over the first 9 months of 2019, a slight acceleration versus H1 when the 2-year growth rate was 8%. In the first 9 months, revenue from our Luxury Houses grew 36% comparable or 8% on a 2-year stack.

Focusing on Q3. Reported group revenue was up 12.6% year-on-year, reaching EUR 4.2 billion. Comparable revenue growth was nearly equivalent, implying a modest FX tailwind. On a 2-year basis

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