KERING financials
KERING
Country: FR Reporting currency: EUR Latest annual report: 2023-12-31
LEI:
549300VGEJKB7SVUZR78 Financial statements
(EUR, as reported — unscaled; 122 line items across 2 annual periods)
| Line item | 2023 | 2022 |
|---|---|---|
| Income statement | ||
| Cost of sales | €4.64B | €5.15B |
| Gross profit | €14.93B | €15.20B |
| Employee benefits expense | €2.98B | €2.83B |
| Operating profit (EBIT) | €4.64B | €5.39B |
| Net finance income / (cost) | -€410.0M | -€260.0M |
| Profit before tax | €4.23B | €5.13B |
| Income tax expense | €1.16B | €1.42B |
| Profit for the year | €3.07B | €3.72B |
| — attributable to owners | €2.98B | €3.61B |
| — attributable to NCI | €91.0M | €104.0M |
| Total comprehensive income | €2.97B | €3.69B |
| Per share | ||
| Basic EPS | €24.38 | €29.34 |
| Diluted EPS | €24.37 | €29.31 |
| Cash flow statement | ||
| Net cash from operating activities | €4.46B | €4.28B |
| Net cash from investing activities | -€7.30B | -€2.77B |
| Net cash from financing activities | €2.38B | -€2.14B |
| Dividends paid | €1.75B | €1.65B |
| Proceeds from borrowings | €6.21B | €1.74B |
| Repayments of borrowings | €957.0M | €904.0M |
| Lease liability payments | €880.0M | €824.0M |
| Balance sheet | ||
| Total assets | €41.37B | €33.94B |
| Non-current assets | €29.44B | €22.28B |
| Property, plant & equipment | €5.34B | €3.39B |
| Intangible assets & goodwill | €7.11B | €4.05B |
| Trade & other receivables | €1.15B | €1.18B |
| Cash & equivalents | €3.92B | €4.34B |
| Total equity | €16.01B | €14.78B |
| — attributable to owners | €15.21B | €14.00B |
| Non-controlling interests | €798.0M | €785.0M |
| Non-current liabilities | €16.73B | €10.65B |
| Long-term borrowings | €10.03B | €4.35B |
| Lease liabilities (non-current) | €4.51B | €4.42B |
| Lease liabilities (current) | €884.0M | €812.0M |
| Trade & other payables | €2.20B | €2.26B |
| Deferred tax liabilities | €1.78B | €1.57B |
| Derived metrics | ||
| Operating margin | 23.7% | 26.5% |
| Net margin | 15.7% | 18.3% |
| Return on equity | 19.2% | 25.2% |
| Cash conversion ratio | 1.45× | 1.15× |
| Other reported items | ||
| Adjustments For Dividend Income | €9.0M | €7.0M |
| Adjustments For Finance Income Cost | -€300.0M | -€287.0M |
| Adjustments For Income Tax Expense | €1.01B | €1.60B |
| Basic Earnings Loss Per Share From Continuing Operations | €24.38 | €29.33 |
| Cancellation of Treasury Shares | €0 | €0 |
| Cash and Cash Equivalents If Different From Statement of Financial Position | €3.65B | €4.09B |
| Cash Flows From Used In Operations Before Changes In Working Capital | €6.29B | €6.93B |
| Cash Flows Used In Obtaining Control of Subsidiaries Or Other Businesses Classified As Investing Activities | €5.09B | €1.56B |
| Comprehensive Income Attributable To Noncontrolling Interests | €94.0M | €118.0M |
| Comprehensive Income Attributable To Owners of Parent | €2.88B | €3.58B |
| Current Assets Other Than Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners | €11.93B | €11.66B |
| Current Borrowings and Current Portion of Noncurrent Borrowings | €2.40B | €2.29B |
| Current Financial Liabilities | €588.0M | €663.0M |
| Current Liabilities Other Than Liabilities Included In Disposal Groups Classified As Held For Sale | €8.63B | €8.51B |
| Current Provisions For Employee Benefits | €12.0M | €12.0M |
| Current Tax Assets Current | €765.0M | €378.0M |
| Current Tax Liabilities Current | €536.0M | €567.0M |
| Deferred Tax Assets | €1.52B | €1.64B |
| Diluted Earnings Loss Per Share From Continuing Operations | €24.37 | €29.30 |
| Dividends Paid To Equity Holders of Parent Classified As Financing Activities | €1.71B | €1.48B |
| Dividends Paid To Noncontrolling Interests Classified As Financing Activities | €42.0M | €45.0M |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners | €1.72B | — |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners Per Share | €14.00 | — |
| Dividends Recognised As Distributions To Owners Per Share | €14.00 | — |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | €18.0M | €222.0M |
| Equity and Liabilities | €41.37B | €33.94B |
| Gains Losses On Cash Flow Hedges Before Tax | €268.0M | -€68.0M |
| Gains Losses On Exchange Differences On Translation Net of Tax | -€75.0M | -€69.0M |
| Income Tax Relating To Cash Flow Hedges of Other Comprehensive Income | €1.0M | €13.0M |
| Income Tax Relating To Investments In Equity Instruments of Other Comprehensive Income | -€10.0M | -€47.0M |
| Income Tax Relating To Remeasurements of Defined Benefit Plans of Other Comprehensive Income | €0 | €6.0M |
| Income Taxes Paid Refund Classified As Operating Activities | €1.43B | €1.75B |
| Increase Decrease In Cash and Cash Equivalents | -€444.0M | -€422.0M |
| Increase Decrease In Cash and Cash Equivalents Discontinued Operations | €0 | -€8.0M |
| Increase Decrease In Number of Ordinary Shares Issued | — | 0.1M |
| Increase Decrease In Working Capital | €396.0M | €902.0M |
| Increase Decrease Through Change In Equity of Subsidiaries | €9.0M | €346.0M |
| Increase Decrease Through Sharebased Payment Transactions | €25.0M | €45.0M |
| Increase Decrease Through Transfers and Other Changes Equity | -€46.0M | -€375.0M |
| Increase Decrease Through Treasury Share Transactions | €13.0M | -€1.03B |
| Intangible Assets Other Than Goodwill | €8.18B | €7.36B |
| Interest Paid Classified As Financing Activities | €377.0M | €298.0M |
| Inventories Total | €4.55B | €4.46B |
| Investment Accounted For Using Equity Method | €1.75B | €49.0M |
| Liabilities Included In Disposal Groups Classified As Held For Sale | €0 | €0 |
| Noncurrent Assets Or Disposal Groups Classified As Held For Sale | €0 | €0 |
| Noncurrent Financial Assets | €536.0M | €855.0M |
| Noncurrent Financial Liabilities | €13.0M | €0 |
| Noncurrent Provisions For Employee Benefits | €68.0M | €66.0M |
| Number of Shares Outstanding | 122.6M | 122.2M |
| Other Adjustments For Noncash Items | €94.0M | -€334.0M |
| Other Comprehensive Income | -€101.0M | -€24.0M |
| Other Comprehensive Income Before Tax Gains Losses From Investments In Equity Instruments | -€33.0M | -€272.0M |
| Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans | €1.0M | €30.0M |
| Other Comprehensive Income Net of Tax Cash Flow Hedges | -€4.0M | €246.0M |
| Other Comprehensive Income Net of Tax Exchange Differences On Translation | -€75.0M | -€69.0M |
| Other Comprehensive Income Net of Tax Gains Losses From Investments In Equity Instruments | -€23.0M | -€225.0M |
| Other Comprehensive Income Net of Tax Gains Losses On Remeasurements of Defined Benefit Plans | €1.0M | €24.0M |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | -€79.0M | €177.0M |
| Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax | -€22.0M | -€201.0M |
| Other Current Financial Assets | €136.0M | €167.0M |
| Other Current Nonfinancial Assets | €1.41B | €1.14B |
| Other Current Nonfinancial Liabilities | €1.85B | €1.73B |
| Other Longterm Provisions | €21.0M | €19.0M |
| Other Noncurrent Assets | €16.0M | €8.0M |
| Other Noncurrent Nonfinancial Liabilities | €311.0M | €228.0M |
| Other Shortterm Provisions | €163.0M | €168.0M |
| Payments To Acquire Or Redeem Entitys Shares | €10.0M | €1.03B |
| Proceeds From Issuing Shares | €0 | €38.0M |
| Proceeds From Sales Or Maturity of Financial Instruments Classified As Investing Activities | €251.0M | €115.0M |
| Profit Loss From Continuing Operations | €3.07B | €3.72B |
| Profit Loss From Continuing Operations Attributable To Noncontrolling Interests | €91.0M | €104.0M |
| Profit Loss From Continuing Operations Attributable To Ordinary Equity Holders of Parent Entity | €2.98B | €3.61B |
| Profit Loss From Discontinued Operations | €0 | €1.0M |
| Profit Loss From Discontinued Operations Attributable To Noncontrolling Interests | €0 | €0 |
| Profit Loss From Discontinued Operations Attributable To Ordinary Equity Holders of Parent Entity | €0 | €1.0M |
| Purchase of Financial Instruments Classified As Investing Activities | €56.0M | €235.0M |
| Reclassification Adjustments On Cash Flow Hedges Before Tax | €271.0M | -€327.0M |
| Reclassification Adjustments On Exchange Differences On Translation Net of Tax | €0 | €0 |
| Revenue From Contracts With Customers | €19.57B | €20.35B |
| Rightofuse Assets That Do Not Meet Definition of Investment Property | €4.98B | €4.93B |
| Share of Other Comprehensive Income of Associates and Joint Ventures Accounted For Using Equity Method That Will Be Reclassified To Profit Or Loss Net of Tax | €0 | €0 |
| Share of Profit Loss of Associates and Joint Ventures Accounted For Using Equity Method | €4.0M | €2.0M |
Methodology
Every line item above is a fact tagged in KERING's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (EUR), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.