(Il Sole 24 Ore Radiocor) - London, 25 Jul - In European stock market dealings, shares of Gucci owner Kering dipped 7.47% at 278.15 euros to a seven-year low in Paris after the luxury group late yesterday announced a sharp decline in revenue in the first half of the year and issued a weak forecast for the remaining six months of the year on low China sales.

The European car maker Stellantis sank 8.69% at 16.67 in Milan euros after it said that in the first half of 2024 net profit fell 48% to 5.6 billion euros as net revenue dropped 14% to 85.0 billion primarily due to the decline in volume and mix.

Adjusted operating income (AOI) stood at 8.5 billion euros, down 5.7 billion compared to the previous year. The AOI margin was 10%.

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(RADIOCOR) 25-07-24 18:31:33 (0696) 5 NNNN