Full Year 2022 Kering SA Earnings Call Transcript
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Good morning to all of you, and welcome to Kering's 2022 Full Year Results Presentation. To begin this session, I will go over last year's key takeaways and our aims for 2023. Jean-Marc Duplaix, our Chief Financial Officer, will go over the 2022 operational and financial highlights. And finally, together with Jean-Francois Palus, the 3 of us will be available to answer all your questions.
Kering reached many milestones last year, and yet, I'm not going to pretend that the results we are presenting today are up to our ambitions or that I am satisfied. They are not at the level of our expectations and potential. We have reasons to be pleased with the overall performance of all our other houses apart from Gucci. They accounted for nearly half of our total revenue in 2022. However, at our largest brand, the results disappointed. So I will review everything we have done and are doing to correct this. As you know, we also suffered the impact of an unfortunate incident at Balenciaga towards the end of 2022. For
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