Kering Group reported that revenue rose 4 percent year on year to 10,038 million euros in 2014. Cost of sales increased 3.5 percent to 3,742 million euros, so gross margin improved 4.2 percent to 6,296 million euros. The group's share of profit greatly improved to 528.9 million euros compared with 49.6 million euros in 2013.
The report said that the group's luxury brands performed very well in 2014, except for Gucci, which experienced a sales decline of 1.8 percent year on year to 3,497 million euros. Bottega Veneta's revenue jumped 11.3 percent to 1,131 million euros, while Yves Saint Laurent's sales surged 27 percent to 707 million euros. Other luxury brands including Boucheron, Girard-Perregaux, Pomellato, Dodo, Qeelin and more recorded a collective sales increase of 14.4 percent to 1,424 million euros.
According to the report, there was a solid advance in luxury sales driven by the directly operated network in mature markets. Kering's wholesale network sales on a comparable basis rose 2.1 percent, while retail sales in directly operated stores advanced 12.6 percent on a same-store basis. Sales growth was strongest in emerging markets.
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