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    KER   FR0000121485

KERING

(KER)
  Report
Real-time Quote. Real-time Euronext Paris - 07/27 11:39:00 am
731.2 EUR   -2.15%
07/27KERING : H1 Net Income Soars As Revenue Tops Pre-Pandemic Level
MT
07/27KERING : Goldman Sachs maintains a Buy rating
MD
07/27Kering rides luxury rebound as Gucci steams ahead
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Kering Sells 5.9% Puma Stake for Around EUR805 Million

05/27/2021 | 12:50am EDT

By Pietro Lombardi

Kering netted roughly 805 million euros ($981.7 million) by selling a 5.9% stake in German sporting-goods company Puma SE.

The French luxury-goods conglomerate said Thursday that, after the sale, it still has a stake of about 4% in the German company.

The money will be used to reinforce its financial structure and for general corporate purposes, it said.

The Puma shares were sold at EUR90.3 each to qualified investors through an accelerated bookbuilding process.

Write to Pietro Lombardi at pietro.lombardi@wsj.com; @pietrolombard10

(END) Dow Jones Newswires

05-27-21 0250ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.24% 35058.52 Delayed Quote.14.56%
KERING -2.15% 731.2 Real-time Quote.23.01%
PUMA SE -0.90% 104.15 Delayed Quote.12.86%
All news about KERING
07/27KERING : H1 Net Income Soars As Revenue Tops Pre-Pandemic Level
MT
07/27KERING : Goldman Sachs maintains a Buy rating
MD
07/27Kering rides luxury rebound as Gucci steams ahead
RE
07/27KERING : Very strong growth in sales - Revenue up materially on first half 2019 ..
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07/27KERING : Availability of the 2021 first half report
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07/27Kering rides luxury rebound as Gucci steams ahead
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07/27KERING : - 2021 First-half results
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07/27Global markets live: LVMH, Michelin, Tesla, Amazon, Activision...
07/27Kering 1st Half Profit, Sales Rose as Gucci Recovers Strongly
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07/27LVMH shares edge higher as sales and profits rise
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More news
Financials
Sales 2021 16 781 M 19 842 M 19 842 M
Net income 2021 3 083 M 3 645 M 3 645 M
Net Debt 2021 4 459 M 5 273 M 5 273 M
P/E ratio 2021 29,3x
Yield 2021 1,50%
Capitalization 91 194 M 108 B 108 B
EV / Sales 2021 5,70x
EV / Sales 2022 5,20x
Nbr of Employees 38 553
Free-Float 58,3%
Chart KERING
Duration : Period :
Kering Technical Analysis Chart | KER | FR0000121485 | MarketScreener
Technical analysis trends KERING
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Last Close Price 731,20 €
Average target price 775,33 €
Spread / Average Target 6,04%
EPS Revisions
Managers and Directors
Franšois Jean Henri Pinault Chairman & Chief Executive Officer
Jean-Marc Duplaix Chief Financial Officer
Yseulys Costes Independent Director
Daniela Riccardi Independent Director
Sophie L'HÚlias Lead Independent Director
Sector and Competitors
1st jan.Capi. (M$)
KERING23.01%107 909
INDITEX8.99%106 210
FAST RETAILING CO., LTD.-17.84%70 193
ROSS STORES, INC.-0.34%43 708
HENNES & MAURITZ AB9.17%36 021
ZALANDO SE7.16%29 731