February 15, French luxury giant Kering Group announced its financial figures for the fourth quarter and full year of FY 2022: Group revenue exceeded €20 billion in 2022, an increase of 15% as reported and 9% on a comparable basis. Free cash flow from operations remained high, at over €3.2 billion.
In Q4, total sales were down 2% year-on-year as reported and 7% on a comparable basis, with mixed performances across Houses and regions.
Kering Chairman and Chief Executive Officer François-Henri Pinault noted, “All our Houses posted record revenues and contributed to higher operati …
