Kering plummets in 2024 but a little less than analysts expected

The group led by François-Henri Pinault has signed a year 2024 in sharp decline. Gucci, which has just announced the departure of its creative director, has suffered the most.

As expected, Kering’s 2024 results are not good.

But analysts thought they would be even worse and the stock market welcomed their publication on February 11th…At 12:15 p.m., the share price of the group led by François-Henri Pinault was up 0.76%.

Plagued by the difficulties of its star brand, Gucci, which has just announced the departure of its creative director, Sabato de Sarno, the group’s results are certainly significantly down.

Better than the FacSet consensus

Its turnover thus fell by 12% over one year on a reported basis (and comparable data) to 17.19 billion euros. But this is better than the forecast of 17.05 billion euros that had been established by a consensus of analysts compiled by FactSet.

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Read also > Gucci divorces Sabato de Sarno

Featured photos: © Gucci