By  on February 15, 2013

PARIS — PPR said Friday it was confident heading into 2013 after posting a 6.3 percent rise in net profit last year, as it reduced its reliance on sluggish European markets and continued to expand in rapid-growth economies, where the appetite for luxury goods remains undimmed.

The French luxury-to-lifestyle conglomerate, whose brands include Gucci, Yves Saint Laurent, Bottega Veneta and Puma, posted net income of 1.05 billion euros, or $1.35 billion, in 2012 versus 986 million euros, or $1.37 billion, the previous year. All dollar rates are calculated at average exchange rates for the period concerned.

Full-year revenue rose 20.8 percent to 9.74 billion euros, or $12.52 billion. At comparable scope and exchange rates, the rise was 10.6 percent.


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