Kering Sa Unsponsored ADR ( (PPRUY) ) has released its Q4 earnings. Here is a breakdown of the information Kering Sa Unsponsored ADR presented to its investors.
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Kering SA, a global luxury group, manages the development of renowned fashion, leather goods, and jewelry brands like Gucci, Yves Saint Laurent, and Bottega Veneta, with a focus on sustainability and creativity.
Kering SA reported a challenging fiscal year 2024, with revenue falling 12% to €17.2 billion and net income attributable to the Group declining to €1.1 billion. Despite the downturn, the company emphasized its strategic focus on brand transformation and operational efficiency.
Key financial highlights include a significant decrease in recurring operating income by 46% to €2.6 billion and a recurring operating margin of 14.9%. Gucci, the largest brand under Kering, faced a 23% revenue drop, while Bottega Veneta recorded a revenue increase of 4%. The company successfully managed to increase its free cash flow from operations to €3.6 billion, excluding real estate transactions, marking a 7% rise from the previous year.
Looking forward, Kering aims to focus on long-term growth through brand desirability and exclusivity, despite uncertain economic and geopolitical conditions. The company plans to enhance its operational efficiency while maintaining financial discipline to navigate future challenges effectively.
