2020年第一季度奢侈巨头开云集团业绩财报—新闻稿.pdfVIP

PRESS RELEASE April 21, 2020 IN A QUARTER HEAVILY IMPACTED BY COVID-19, KERING DEMONSTRATES ITS SOLIDITY Consolidated revenue in the first quarter of 2020: €3,203.2 million -15.4% as reported -16.4% on a comparable basis “The Covid- 19 pandemic took a heavy toll on our operations in the first quarter. We took immediate action to ensure the safety and well-being of all the Kering people around the world, and of our customers. We also lent our support to the communities in which we are present, helping meet the extraordinary needs generated by this public health crisis, notably among healthcare workers and hospitals. I would also like to address my warmest thanks to all our employees for the unwavering commitment they have shown in this unprecedented context. After a very promising start to the year for all our Houses, the rapid spread of Covid- 19 affected our performance in our main markets. We are working hard on ensuring the continuity and readiness of all our businesses. Adapting our cost base and preserving our cash position are top priorities, implemented at all levels of the Group. Our solid financial structure and our agility serve us well in this difficult period. My confidence in Kering’s future lies in the strength and values of our Houses, which will all emerge from this period of uncertainty at the top of their game, as well as in our ability to blend long-term vision with near-term imperatives.” François-Henri Pinault, Chairman and Chief Executive Officer • A quarter marked by strong disparities, with: o an exceptionally good start to the year in January, before the epidemic began to spread;