Kering recorded another strong year in 2019. Thanks to the less than expected growth slowdown at Gucci and the strong upside momentum at Saint-Laurent, the group finished the year generating revenue of €15.9bn and an operating margin of 30.1% (+90bp yoy). The group expects the uncertainties related to the Coronavirus could cause a considerable impact on the group’s results in Q1 20, but the group remains confident for FY20.
12 Feb 2020
The beginning of the new year is challenged by the Coronavirus in China
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The beginning of the new year is challenged by the Coronavirus in China
Kering recorded another strong year in 2019. Thanks to the less than expected growth slowdown at Gucci and the strong upside momentum at Saint-Laurent, the group finished the year generating revenue of €15.9bn and an operating margin of 30.1% (+90bp yoy). The group expects the uncertainties related to the Coronavirus could cause a considerable impact on the group’s results in Q1 20, but the group remains confident for FY20.