Kering Revenue Up 9% in First Quarter

Kering, formerly known as PPR, announced first-quarter 2011 revenue of €3.7 billion, marking a 9.1% increase on a reported basis and 6.5% on a comparable basis compared to the prior-year period.

The Luxury Goods division led the growth with a 26.2% surge in revenue. The Sport & Lifestyle segment also contributed significantly, posting a 13% increase. Combined, the Luxury and Sport & Lifestyle businesses saw reported revenue rise by 20.6% and comparable revenue by 14.7%.

All geographic regions, except Japan, reported revenue gains. The March 2011 earthquake and tsunami in Japan disrupted an otherwise positive trend observed earlier in the year. Emerging markets accounted for 21% of the Group's revenue.

Chairman and CEO François-Henri Pinault expressed confidence in the Group's ability to sustain its revenue growth momentum throughout 2011, citing its robust business model and pertinent strategy.