PPR Q3 revenues up 6.6 percent

PPR posted third-quarter 2012 revenue of 2.6 billion euros (3.3 billion dollar/Rs 17,671 crores),

up 6.6 percent versus the same 2011 period on a comparable basis, and advanced in all geographic areas. This solid performance reflected further sustained growth in all luxury brands. The luxury division posted an 11.9 percent leap in revenue in the third quarter of the year, driving revenue growth for the first nine months of the year to 15.5 percent. Revenue recorded by the sport & lifestyle division was up 2 percent for the first nine months of the year.

François-Henri Pinault, Chairman and Chief Executive Officer, noted: “PPR has again delivered a highly satisfactory performance overall this quarter with revenue for the luxury and sport & lifestyle divisions climbing 6.6 percent. The luxury division continues to report outstanding growth propelled by the momentum of our brands across all of the Group’s regions. This quarter’s impressive performance bears witness to the complementary nature and growth potential of our brands, the strength of the Group and the balanced footprint of our businesses.”

In the third quarter of 2012, PPR’s luxury division delivered excellent performances, with revenue climbing 12 percent on a comparable basis and 24 percent in reported terms, in a mixed economic environment and against a high basis of comparison. Sales growth across all luxury brands and in all geographic areas underscores the vitality and healthy geographic spread of the division’s activities. The sport & lifestyle division recorded mixed third-quarter results depending on the region, with a 1 percent decrease in comparable revenue and a 5 percent rise in reported revenue.