Kering

Higher dependence on China and Italy

15/05/20 -"The group’s higher dependence on Chinese consumers, the temporary disruption in Italian warehouses, and relatively higher exposure to travel retail have led us to believe that the group’s near-term ..."

PDF page sample
Pages
63
Language
English
Published on
15/05/20
Download
You may also be interested by these reports :
04/11/25
The revision of the target price reflects updates to our EPS forecasts, NAV and DCF valuations. In addition, we now expect the dividend to remain ...
04/11/25
Hugo Boss delivered Q3 results slightly below expectations, reflecting softer demand in the UK and China and continued assortment rationalisation. ...
04/11/25
The luxury sector has been driven by global macro dynamics. The spending power of US consumers and the strong appetite of Chinese shoppers for ...
30/10/25
Puma’s Q3 25 results confirmed a deep reset phase, with both the top line and margin continuing their downward trend. The operational clean-up, ...

EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

CONFLICTS OF INTEREST

AlphaValue does not have nor seek any business with companies covered in AlphaValue Research paid by subscription. As a result, investors can be confident that there is no conflict of interest that could affect the objectivity of AlphaValue Research.

Corporate broking NO
Trading in corporate shares NO
Analyst ownership NO
Advising of corporate (strategy, marketing, debt, etc) NO
Research paid for by corporate NO
Provision of corporate access paid for by corporate NO
Link between and a banking entity NO
Brokerage activity at AlphaValue NO