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
51
Language
English
Published on
15/05/20
Download
You may also be interested by these reports :
04/06/26
We have integrated the stronger-than-expected FY25 results and raised our forecasts for both top-line and profitability from FY26 onwards. Our ...
29/05/26
The new target price includes the impact of the rights issue. Beyond the strengthening of the balance sheet, this capital increase supports a broader ...
25/05/26
We have incorporated FY25 results and the new reporting organisation. The new structure has been designed to optimise synergies between brands within ...
22/05/26
Richemont delivered FY25/26 with impressive top-line momentum but slightly softer profitability. Sales maintained double-digit growth with Q4 ...

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