Kering Full-Year Report 2022

Group revenue exceeded €20 billion in 2022, an increase of 15% as reported and 9% on a comparable basis.

• Revenue from the directly operated retail network, which includes e-commerce sites, rose 10% on a comparable basis in 2022, driven in particular by Western Europe and Japan.
• In the fourth quarter of 2022, total sales were down 2% year-on-year as reported and 7% on a comparable basis, with mixed performances across Houses and regions.

All Group activities contributed to the 11% rise in recurring operating income, which reached €5.6 billion. Recurring operating margin was 27.5%.

Net profit attributable to the Group amounted to €3.6 billion, up 14%.

Free cash flow from operations remained high, at over €3.2 billion.