Q3 2021 Kering SA Corporate Sales Call Transcript
Thank you for standing by, and welcome to Kering's 2021 Third Quarter Revenue Conference Call. (Operator Instructions) I must advise you the call is recorded today on Tuesday, the 19th of October 2021.
I would now like to hand over to your speaker today, Mr. Jean-Marc Duplaix, Chief Financial Officer. Please go ahead.
Good evening to all of you and welcome to Kering's Third Quarter 2021 revenue call.
Starting on Slide 4. Group revenue reached EUR 12.2 billion in the first 9 months of the year, a strong year-on-year increase of 34.5% in reported terms and 36.6% comparable. Revenue is up 9% comparable over the first 9 months of 2019, a slight acceleration versus H1 when the 2-year growth rate was 8%. In the first 9 months, revenue from our Luxury Houses grew 36% comparable or 8% on a 2-year stack.
Focusing on Q3. Reported group revenue was up 12.6% year-on-year, reaching EUR 4.2 billion. Comparable revenue growth was nearly equivalent, implying a modest FX tailwind. On a 2-year basis
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