Kering Eyewear posted revenues of €242.6 million in the first half, down by 24.4 percent as reported and 24.9 percent on a comparable basis. After a solid start to the year, revenue declined by 49.3 percent on a comparable basis in the second quarter, heavily impacted by store closures, notably in travel retail. Recurring operating income remained positive in the first half.
After elimination of intra-group sales and royalties paid to the brands of its parent, the French luxury goods group Kering, Kering Eyewear’s contribution to the group’s first-half revenues totaled €192.1 million, down by 26.6 percent year-on-year.
Kering’s first-half revenues amounted to €5,378 million, down by 29.6 percent on a reported basis and 30.1 percent on a comparable basis.