PPR shows Q4 growth of 11.2%
PPR group revenue grew by over 11% in 2011
French group PPR has reported an 11.2% rise in revenue for the last three months of 2011, up 7.7% on the same period in 2010. Consolidated revenue for the whole year was also up, showing an increase of 11.1% on the previous year.
Growth was led by the group’s Luxury and Sport & Lifestyle divisions whose revenue grew 25.2%, led by sales in the Asia-Pacific region (excluding Japan).
More specifically, reported revenue in the luxury division, whose portfolio includes brands such as Gucci, Stella McCartney and Yves St Laurent, rose by 22.6% for the full year 2011 and by 22.1% for Q4.
“PPR’s results for 2011 are excellent. They reflect the compelling appeal of our brands, the peerless quality of our products and the unerring commitment of our employees,” said PPR chair and ceo François-Henri Pinault. “PPR is confident that 2012 will be another year of sustained revenue growth and improvements in our operating and financial performances.”