PPR Q3 revenues up 6.6 percent
François-Henri Pinault, Chairman and Chief Executive Officer, noted: “PPR has again delivered a highly satisfactory performance overall this quarter with revenue for the luxury and sport & lifestyle divisions climbing 6.6 percent. The luxury division continues to report outstanding growth propelled by the momentum of our brands across all of the Group’s regions. This quarter’s impressive performance bears witness to the complementary nature and growth potential of our brands, the strength of the Group and the balanced footprint of our businesses.”
In the third quarter of 2012, PPR’s luxury division delivered excellent performances, with revenue climbing 12 percent on a comparable basis and 24 percent in reported terms, in a mixed economic environment and against a high basis of comparison. Sales growth across all luxury brands and in all geographic areas underscores the vitality and healthy geographic spread of the division’s activities. The sport & lifestyle division recorded mixed third-quarter results depending on the region, with a 1 percent decrease in comparable revenue and a 5 percent rise in reported revenue.