Kering SA (OTCPK:PPRUY)

$ 34.51 -0.31 (-0.89%) Market Cap: 42.30 Bil Enterprise Value: 57.54 Bil PE Ratio: 13.02 PB Ratio: 2.56 GF Score: 86/100

Half Year 2019 Kering SA Earnings Call Transcript

Jul 25, 2019 / 04:00PM GMT

Release Date Price: $53.73 (-8.54%)

Transcript

Operator

Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to Kering's 2019 First Half Results Conference Call. (Operator Instructions) I must advise you, this conference is being recorded today, Thursday, the 25th of July 2019. And I would now like to hand the conference over to your speaker today, Jean-Marc Duplaix. Please go ahead.

Jean;Marc Duplaix

Kering SA - CFO

Good evening or good afternoon. Welcome to Kering's 2019 First Half Results Conference Call. I will go through the highlights of the period and Jean-FranÃ§ois will offer some words of conclusion before we take your questions.

Let's jump straight to a summary of our performance on Slide 4. In the first half, we delivered another very strong set of operating figures. Once again, our growth is both ahead of the market and highly profitable.

Revenue first. Sales were up nearly 19% reported and above 15% comparable. That's an impressive additional EUR 1.2 billion in revenue year-on-year to reach EUR 7.6 billion.

By region, and continuing

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