Deutsche Bank: Kering Group offers reassurance, Gucci's recovery continues

Glonghui, February 11th — Adam Cochrane of Deutsche Bank stated in a research report that with the core brand Gucci gaining momentum, the situation at Kering Group is reassuring. The analyst noted that the French luxury group’s performance by the end of 2025 is slightly better than expected and provided a credible mid-term outlook, projecting that the EBIT margin will rebound to above 20%. He mentioned that the company may announce detailed strategies by brand in April, when it will hold a Capital Markets Day event. “There is some uncertainty regarding the timing of a broader market recovery, but there are signs that Gucci’s brand popularity is starting to recover,” Cochrane said. The stock price fell by 0.9%, closing at 285.40 euros.