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Q1 2020 Kering SA Corporate Sales Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the Kering 2020 First Quarter Revenue Conference Call. (Operator Instructions) There will be a presentation followed by question-and-answer session. (Operator Instructions) I must advise you, the call is recorded today, on Tuesday, the 21st of April 2020.
And I would now like to hand over to your speaker today, Mr. Jean-Marc Duplaix, Chief Financial Officer. Thank you.
Good evening. And thank you for joining our first quarter revenue presentation. We've all gone through an unprecedented quarter, personally as well as professionally, and I hope you are all doing well, in good health and keeping safe.
On Slide 3, you see the heavy impact COVID-19 has had on our top line. At EUR 3.2 billion, it was down slightly above 15% reported and 16% comparable, implying an FX tailwind of 1 percentage point. Our Luxury Houses contribute the bulk of our revenue, and I will elaborate further shortly. Our corporate segment, mostly includes Kering
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