For 2018 Kering’s consolidated revenue was up 29.4 per cent on a comparable basis. All regions reported strong growth, with comparable revenue up 37.8 per cent in North America, 33.8 per cent in Asia-Pacific, 23.9 per cent in Japan, and 23.7 per cent in Western Europe.

Gross margin was up 28.8 per cent on the previous year. Recurring operating income was up a record 46.6 per cent year on year. Consolidated recurring operating margin advanced 400 basis points year on year to 28.9 per cent. Consolidated ebitda climbed 42 per cent while the ebitda margin widened by 360 basis points to 32.5 per cent. Net income group share rose 108.1 per cent.

Recurring operating income was up 46.6 per cent year on year. Consolidated recurring operating margin was 28.9 per cent. Kering’s houses delivered exceptional 29.1 per cent comparable revenue growth in 2018. This brisk growth was fueled by a 31 per cent increase in sales through directly operated stores, which account for over 77 per cent of revenue. Online sales surged by 71.3 per cent. Wholesale revenue from the group’s houses rose 24.1 per cent on a comparable basis.

All regions contributed to the strong revenue growth momentum, with Asia-Pacific up 34.1 per cent, North America up 37.3 per cent, Japan up 23.7 per cent and Western Europe up 23 per cent.