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Half Year 2021 Kering SA Earnings Call Transcript
Good day, and thank you for standing by. Welcome to the Kering 2021 First Half Results Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded. (Operator Instructions)
I would now like to hand the conference over to Mr. Jean-Marc Duplaix. Please go ahead.
Good evening or good afternoon. Welcome to Kering's 2021 Half-Year Results Call. I will go through the highlights of our excellent performance in the 6 months, and Jean-Francois will say a few words of conclusion before we take your questions. As you know, due to the busy reporting schedule in the sector, this call will last exactly an hour.
Starting with Slide 4. The first half was marked by a sharp bounce back in revenue and profitability compared to 2020 when the pandemic took a heavy toll. In addition to year-on-year changes, I will provide 2-year stack comparisons with Q2 or H1 2019 when appropriate.
Revenue first. In H1, sales exceeded EUR 8 billion, up 50% reported and 54%
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