Q1 2022 Kering SA Corporate Sales Call Transcript
Good day, and thank you for standing by. Welcome to the Kering 2022 First Quarter Revenue 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 your speaker today, Mr. Jean-Marc Duplaix, Chief Financial Officer. Please go ahead.
Good evening to all of you, and welcome to Kering's First Quarter 2022 Revenue Call. Starting on Slide 4, you can see we opened the year on a strong note. Underlying demand was solid across regions, and this was further enhanced by healthy momentum across brands. Starting in March, however, our Asia Pacific performances were impacted by severe COVID restrictions, mostly in Mainland China. Against this backdrop, group revenue came close to EUR 5 billion, a year-on-year increase of 27.4% in reported terms and 21.4% comparable. FX provided a significant tailwind of more than 5 percentage points, while scope was broadly neutral, the consolidation of Lindberg more
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