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Christian Dior H1 revenues jump 14 percent

By Prachi Singh

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Business |REPORT

In the first half of the 2015/2016 fiscal year, the Christian Dior group recorded revenue of 19.9 billion euros (22.3 billion dollars), up 14 percent at actual exchange rates and 6 percent at constant structure and exchange rates.

Financial highlights of the first half

Profit from recurring operations at Christian Dior Group was 3.8 billion euros (4.2 billion dollars), up 16 percent. The Group share of net profit was 863 million euros (968 million dollars).

First-half revenue for Christian Dior Couture was 961 million euros (1,078 million dollars), up 12 percent at actual exchange rates and 5 percent at constant exchange rates compared with the same period in 2014. Its performance was spurred by the dynamism of Leather Goods, Ready-to-Wear, Accessories and Jewellery.

Retail sales revenue growth was up 15 percent at actual exchange rates and 6 percent at constant exchange rates. Profit from recurring operations for the first half of the fiscal year was 135 million euros (151.5 million dollars), up 12 percent compared to 2014.

Revenues up 16 percent in 2015 calendar year

In the period from January 1 to December 31, 2015, the Christian Dior group recorded revenue of 37.5 billion euros (42 billion dollars), up 16 percent at actual exchange rates and 6 percent at constant structure and exchange rates. Profit from recurring operations was 6.8 billion euros (7.6 billion dollars), up 16 percent. The Group’s performance witnessed strong momentum in Europe, the United States and Japan, while other Asian countries experienced mixed trends.

For the 12-month calendar year from January 1 to December 31, 2015, Christian Dior Couture posted revenue of 1,872 million euros (2,099 million dollars), up 17 percent at actual exchange rates and 7 percent at constant exchange rates versus the same period in 2014. Retail sales revenue growth was up 19 percent at actual exchange rates and 8 percent at constant exchange rates. Profit from recurring operations was 240 million euros (269 million dollars), up 21 percent.

The Board of Directors of Christian Dior met on February 11, 2016 and decided on the payment, on April 21, 2016, of an interim cash dividend of a gross amount of 1.35 euros (1.52 dollars) per share.

Christian Dior