Christian Dior revenues increase 6 percent in Q1

In the quarter from July 1 to September 30, 2016, the Christian Dior group recorded revenue of 9.6 billion euros (10.5 billion dollars), up 6 percent at actual exchange rates compared to the quarter from July 1 to September 30, 2015. Organic revenue growth was also 6 percent.

Christian Dior Couture posted quarterly revenue of 502 million euros (553 million dollars), up 7percent at actual exchange rates and 8percent at constant exchange rates compared with the same quarter, last year. Retail sales revenue was up 7 percent at constant exchange rates. The company said, this change in revenue marked a decidedly positive shift with respect to the previous quarters.

LVMH posts 6 percent sales growth

LVMH booked revenue of 9,138 million euros (10,067 million dollars) for the first quarter, reflecting organic growth of 6 percent. The company said, Asia, excluding Japan, showed a significant improvement during the quarter. The United States and Europe remained well-positioned with the exception of France.

At the Shareholders’ Meeting of December 6, 2016, the payment of a gross cash dividend of 3.55 euros (3.91 dollars) per share will be proposed in respect of the fiscal year ended June 30, 2016. As an interim cash dividend of 1.35 euros (1.49 dollars) per share was distributed on April 21, 2016, the final cash dividend of 2.20 euros (2.42 dollars) will be paid as of December 13, 2016.

Picture:Dior Couture