In the third quarter of 2015 Kering recorded revenue of €2,895 million with a 12-percent increase compared to the same period in 2014. Sales in luxury activities grew by 14.0 percent on a reported basis as a result of business momentum in directly operated stores. In sports and lifestyle activities there is a 3.9-percent growth in sales on a comparable basis, driven by the implementation of Puma’s action plans.
François-Henri Pinault, Kering's chairman and chief executive officer, commented: "In the third quarter, the Group posted solid sales growth in line with our performance in the first half. In a volatile macroeconomic and monetary environment characterised by sharp contrasts across regions, our well-balanced economic model and brand portfolio enabled our uxury activities to deliver healthy performances, powered notably by the momentum in directly operated stores and by a surge in tourist shoppers in Western Europe and Japan. The implementation of our action plan at Gucci is moving forward. Our new collections were enthusiastically acclaimed, confirming the highly promising course the brand has now embarked on. I look ahead to the final three months of the year with confidence in our brands' development potential and in the Group's ability to maintain its growth trajectory."
Performance of individual brands can be viewed at the group’s website.
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