Kering's luxury houses and core markets drive strong revenue growth in 2019

Consolidated revenue at Kering amounted to 15,883.5 million euros (17,321 million dollars) in 2019, up 16.2 percent as reported and 13.3 percent on a comparable basis fuelled by growth across all regions. The company said in a statement, gross margin was 11,775 million euros (12,840 million dollars), up 15.5 percent on 2018, while EBITDA rose 18.3 percent to 6,023.6 million euros (6,568.4 million dollars), with EBITDA margin increase of 60 basis points. 2019 net income totalled 2,308.6 million euros (2,518 million dollars), while net earnings per share mounted to 18.40 euros and recurring net income totalled 3,211.5 million euros (3,502.7 million dollars), up 15.1 percent on 2018.