Earnings release
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KERING PRESS RELEASE October 19 , 2021 SOLID REVENUE GROWTH IN THE THIRD QUARTER OF 2021 Group revenue : € 4,187.8 million up 12.6 % as reported and up 12.2 % on a comparable basis relative to Q3 2020 up 10.0 % on a comparable basis relative to Q3 2019 " On the back of an excellent first half , Kering achieved a very solid third quarter at Group level , up double digits over 2019. Saint Laurent , Bottega Veneta and our Other Houses , as well as Kering Eyewear , all posted outstanding performances . With the launch of its Aria collection , Gucci is set for an intense fourth quarter . In a constantly evolving Luxury market , we are strengthening the positioning and distribution of all our brands , providing them with the resources they need to be ever closer to their customers . Sustainability is central to our strategy , and we achieved major new milestones in recent weeks . More than ever , we are investing to sustain our profitable growth trajectory over the long term and poised to successfully pursue our journey . " François - Henri Pinault , Chairman and CEO Group revenue in the third quarter of 2021 rose 12.2 % on a comparable basis year - on - year and 10.0 % relative to the same period in 2019. In the first nine months of the year , Group sales were up 36.6 % on a comparable basis year - on - year ( up 9.0 % versus the same period in 2019 ) . Revenue from the Luxury Houses ' directly operated stores , including e - commerce , grew by 12.0 % on a comparable basis relative to the third quarter of 2020 and 11.0 % relative to the third quarter of 2019 . Press Release October 19 , 2021 O Business levels were driven by very strong momentum in North America . In Western Europe and Japan , where markets are still being affected by the absence of tourists , sales continued to improve . In Asia - Pacific , after solid growth in the first half of the year , sales rose relative to both 2020 and 2019 , but were held back by rising COVID - 19 case numbers during the summer . Online sales continued to grow at a firm pace , up 24.3 % relative to the third quarter of 2020 and 147.9 % relative to the same period in 2019 . 1/6