YSL leather goods sales raise Q2 revenues at PPR

26/07/2007

French luxury goods group PPR has posted revenues of €9.2 billion for the first half of 2007, up 11.4% compared with the first half of 2006. These results include Puma revenues, which were fully consolidated from April 1.

For the second quarter, the group recorded revenues of €4.8 billion, up 18.1% compared with the prior-year period. Revenues outside France accounted for 61% of total sales, versus 57% in the second quarter of 2006.

Excluding Puma, revenues were up 5.7% in the first half and 5.9% in the second quarter.

In the second quarter, Gucci Group revenues were up 13.5% compared with the same quarter of 2006, a period that also saw increases (+22%). Gucci Group posted double-digit growth across all geographical areas, particularly in North America (+14%), Europe (+12%), Asia/Pacific excluding Japan (+22%) and Japan (+12%). Footwear sales were up 21% while leather goods sales rose 11%, with a new best-seller in the quarter—the Indy bag—launched as part of the 2007 spring/summer collection.

Yves Saint Laurent also posted strong growth (+13%). The best-performing regions for the brand in the last quarter were Europe (+28%) and Asia-Pacific excluding Japan (+24%) particularly for leather goods (+50%).