Financials Kering

Equities

Market Closed - Euronext Paris Other stock markets 10:25:00 05/12/2025 pm IST			5-day change	1st Jan Change
295.50 ^EUR	+0.05%		+0.92%	+24.03%

04/12	Versace, Gucci & Co Under Police Scrutiny in Italy	RE
04/12	Italian police visit fashion firms including Gucci and Prada in labour abuse probe	RE

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	13,100	17,645	20,351	19,566	17,194	14,948	15,344	16,503
Change	-	34.69%	15.33%	-3.86%	-12.12%	-13.06%	2.65%	7.55%
EBITDA ¹	4,574	6,470	7,255	6,569	4,667	3,763	4,111	4,631
Change	-	41.45%	12.13%	-9.46%	-28.95%	-19.38%	9.27%	12.63%
EBIT ¹	3,135	5,017	5,589	4,746	2,554	1,728	2,118	2,636
Change	-	60.03%	11.4%	-15.08%	-46.19%	-32.34%	22.58%	24.44%
Interest Paid ¹	-341.7	-273.2	-260	-410	-614	-572.3	-530.6	-467
Earnings before Tax (EBT) ¹	2,956	4,524	5,135	4,233	1,698	1,112	1,534	2,002
Change	-	53.03%	13.5%	-17.57%	-59.89%	-34.5%	37.92%	30.55%
Net income ¹	2,150	3,176	3,614	2,983	1,133	734.3	1,008	1,382
Change	-	47.68%	13.8%	-17.46%	-62.02%	-35.19%	37.32%	37.06%
Announcement Date	17/02/21	17/02/22	15/02/23	08/02/24	11/02/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	3,718	4,004	3,890	4,157	4,188	5,410	4,956	4,974	5,137	5,284	5,077	5,058	4,464	4,294	4,504	4,514	3,786	4,390	3,883	3,704	3,415	3,974
Change	-	7.71%	-2.85%	6.87%	0.74%	29.19%	-8.4%	0.37%	3.27%	2.86%	-3.92%	-0.37%	-11.74%	-3.81%	4.89%	0.22%	-16.13%	15.95%	-11.55%	-4.61%	-7.8%	16.35%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	22/10/20	17/02/21	20/04/21	27/07/21	19/10/21	17/02/22	21/04/22	27/07/22	20/10/22	15/02/23	27/04/23	27/07/23	24/10/23	08/02/24	23/04/24	24/07/24	23/10/24	11/02/25	23/04/25	29/07/25	22/10/25	-

¹EUR in Million

Estimates

Fiscal Period: December	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	8,047	9,598	9,930	10,421	10,135	9,431	9,018	8,176	7,587	7,334
Change	-	19.27%	3.46%	4.94%	-2.74%	-6.95%	-4.38%	-9.34%	-7.2%	-3.33%
EBITDA ¹	2,951	3,520	-	3,638	-	2,952	2,595	2,072	2,011	1,777
Change	-	19.27%	-	-	-	-	-12.09%	-20.15%	-2.94%	-11.64%
EBIT ¹	2,237	2,780	2,820	2,769	2,739	2,007	1,582	972	969	761.3
Change	-	24.28%	1.43%	-1.81%	-1.08%	-26.73%	-21.18%	-38.56%	-0.31%	-21.43%
Charge d'intérêts ¹	-125.6	-147.6	-19	-241	-204	-206	-288	-326	-280	-280
Earnings before Tax (EBT) ¹	2,094	2,430	2,788	2,347	2,535	1,698	1,281	417	721	433
Change	-	16.05%	14.73%	-15.82%	8.01%	-33.02%	-24.56%	-67.45%	72.9%	-39.94%
Net income ¹	1,479	1,697	1,988	1,626	1,785	1,198	878	255	474	312
Change	-	14.72%	17.17%	-18.21%	9.78%	-32.89%	-26.71%	-70.96%	85.88%	-34.18%
Announcement Date	27/07/21	17/02/22	27/07/22	15/02/23	27/07/23	08/02/24	24/07/24	11/02/25	29/07/25	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	6,075	4,670	2,306	8,504	10,500	10,599	8,292	8,583
Change	-	-23.13%	-50.62%	268.78%	23.47%	0.94%	-21.77%	3.51%
Announcement Date	17/02/21	17/02/22	15/02/23	08/02/24	11/02/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	786.9	934	1,071	2,611	3,309	935.8	930.9	981.2
Change	-	18.69%	14.67%	143.79%	26.73%	-71.72%	-0.53%	5.4%
Free Cash Flow (FCF) ¹	2,102	3,942	3,208	1,983	1,400	1,828	1,786	1,929
Change	-	87.54%	-18.61%	-38.19%	-29.4%	30.58%	-2.29%	8.01%
Announcement Date	17/02/21	17/02/22	15/02/23	08/02/24	11/02/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	34.92%	36.67%	35.65%	33.57%	27.14%	25.17%	26.79%	28.06%
EBIT Margin (%)	23.93%	28.43%	27.46%	24.26%	14.85%	11.56%	13.8%	15.97%
EBT Margin (%)	22.57%	25.64%	25.23%	21.63%	9.88%	7.44%	10%	12.13%
Net margin (%)	16.42%	18%	17.76%	15.25%	6.59%	4.91%	6.57%	8.37%
FCF margin (%)	16.04%	22.34%	15.76%	10.13%	8.14%	12.23%	11.64%	11.69%
FCF / Net Income (%)	97.74%	124.11%	88.77%	66.48%	123.57%	248.97%	177.15%	139.61%
Profitability
ROA	7.15%	10.75%	11.12%	7.92%	2.67%	1.94%	2.71%	3.38%
ROE	17.85%	25.24%	25.34%	19.37%	7.52%	4.88%	6.76%	8.91%
Financial Health
Leverage (Debt/EBITDA)	1.33x	0.72x	0.32x	1.29x	2.25x	2.82x	2.02x	1.85x
Debt / Free cash flow	2.89x	1.18x	0.72x	4.29x	7.5x	5.8x	4.64x	4.45x
Capital Intensity
CAPEX / Current Assets (%)	6.01%	5.29%	5.26%	13.34%	19.25%	6.26%	6.07%	5.95%
CAPEX / EBITDA (%)	17.2%	14.43%	14.76%	39.75%	70.9%	24.87%	22.64%	21.19%
CAPEX / FCF (%)	37.44%	23.7%	33.39%	131.67%	236.36%	51.19%	52.11%	50.85%
Items per share
Cash flow per share ¹	23.11	39.13	34.7	36.43	38.4	25.72	27.2	29.67
Change	-	69.35%	-11.34%	5.01%	5.4%	-33.04%	5.77%	9.1%
Dividend per Share ¹	8	12	14	14	6	3.423	4.395	6.163
Change	-	50%	16.67%	0%	-57.14%	-42.95%	28.39%	40.22%
Book Value Per Share ¹	94.63	107.6	114.5	124.1	121.6	122.3	128.4	136.5
Change	-	13.68%	6.47%	8.35%	-2.04%	0.58%	5.01%	6.32%
EPS ¹	17.2	25.49	29.31	24.37	9.24	5.799	7.971	11.11
Change	-	48.2%	14.99%	-16.85%	-62.08%	-37.24%	37.45%	39.43%
Nbr of stocks (in thousands)	1,24,937	1,23,744	1,22,233	1,21,646	1,22,587	1,22,601	1,22,601	1,22,601
Announcement Date	17/02/21	17/02/22	15/02/23	08/02/24	11/02/25	-	-	-