Kering Reports 2025 Results with Revenue Decline, Plans Growth Rebound

Luxury group Kering reported a 13% revenue decrease for 2025, amounting to €14.7 billion. On a comparable basis, revenue declined by 10%. The company stated that decisive actions taken in the second half of the year, including strengthening the balance sheet and tightening costs, are laying the groundwork for its next phase of sustainable and profitable growth.

Kering outlined a strategy focused on enhancing the desirability of its houses and reigniting growth. A detailed roadmap will be presented at the company's Capital Markets Day on April 16. The plan aims to refine brand strategies, create a more effective organization, and maintain strong financial discipline.

Recurring operating income for the year decreased by 33% to €1.6 billion, with the operating margin falling to 11.1% from 14.5% in the previous year. The group's net income attributable to the parent was -€29 million, while recurring net income from continuing operations was €532 million. The board proposed an ordinary dividend of €3.00 per share and an exceptional dividend of €1.00 per share.

Gucci's revenue decreased by 22% to €6 billion, although the fourth quarter showed sequential improvement. Yves Saint Laurent's revenue saw an 8% decline to €2.6 billion, with a stable performance in the fourth quarter. Bottega Veneta's revenue remained stable at €1.7 billion, with a 3% increase on a comparable basis.