
Kering: annual net income down 62%
(CercleFinance.com) - Kering has announced a 62% drop in net income (group share) to E1.
13bn for 2024, as well as a 46% drop in operating income before non-recurring items to E2.55bn, bringing its margin down to 14.9%, from 24.3% in 2023.
Sales for the luxury goods group (Gucci, Yves Saint Laurent, Bottega Veneta) fell by 12% to E17.2bn (on a reported and comparable basis), including a 23% drop for its largest division Gucci (-21% on a comparable basis).
The Board of Directors has decided that at the AGM on 24 April it will propose the distribution of a cash dividend of E6 per share. Taking into account the interim dividend already paid on 16 January, the balance of E4 will be paid on 7 May.
In an economic and geopolitical environment that remains uncertain, Kering continues to deploy its strategy with the determination to maintain a profitable growth trajectory over the long term, it states in its outlook.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
13bn for 2024, as well as a 46% drop in operating income before non-recurring items to E2.55bn, bringing its margin down to 14.9%, from 24.3% in 2023.
Sales for the luxury goods group (Gucci, Yves Saint Laurent, Bottega Veneta) fell by 12% to E17.2bn (on a reported and comparable basis), including a 23% drop for its largest division Gucci (-21% on a comparable basis).
The Board of Directors has decided that at the AGM on 24 April it will propose the distribution of a cash dividend of E6 per share. Taking into account the interim dividend already paid on 16 January, the balance of E4 will be paid on 7 May.
In an economic and geopolitical environment that remains uncertain, Kering continues to deploy its strategy with the determination to maintain a profitable growth trajectory over the long term, it states in its outlook.
Copyright (c) 2025 CercleFinance.com. All rights reserved.