Q1 2019 Kering SA Corporate Sales Call Transcript
Good afternoon, ladies and gentlemen. Thank you for standing by, and welcome to Kering's 2019 First Quarter Revenue Conference Call. (Operator Instructions) I must advise you the conference is being recorded today, Wednesday, the 17th of April 2019.
I would now like to turn the conference over to your first speaker today, Jean-Marc Duplaix, Chief Financial Officer. Please go ahead.
Good evening to all of you. We are pleased to welcome you to this call to review Kering SA in the first quarter of 2019. We provided an overall summary on Slide 4.
Outperformance continued in the quarter. Total reported revenue was up nearly 22% to EUR 3.8 billion or 17.5% comparable with a significant tailwind from FX. There was no change in scope. This sustained increase in our revenue comes on top of very high comps, as you see on the bottom half of the slide. With the expected normalization in growth rate, we are delivering the same level of incremental revenue in absolute terms compared to last year.
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