Christian Dior H1 revenues at 16.2 billion euros

REPORT_ In the period from July 1 to December 31, 2013, the Christian Dior group

recorded revenues of 16.2 billion euros (22.2 billion dollars), and profit from recurring operations of 3.4 billion euros (4.6 billion dollars), and a group share of net profit of 0.8 billion euros (1 billion dollars). The group maintained good momentum in the United States and Asia, and continued to grow in Europe, despite the challenging economic environment.

First half revenue for Christian Dior Couture was 758 million euros (1,040 million dollars), up 14 percent at actual exchange rates and 20 percent at constant exchange rates compared with the same period in 2012. Dior’s performance was driven notably by momentum in leather goods, men’s and women’s ready-to-wear, and accessories. Profit from recurring operations for the 6-month period was up 31 percent. Thus, for the 12-month period from January 1 to December 31, 2013, Christian Dior Couture posted revenue of 1,417 million euros (1,944 million dollars), up 14 percent at actual exchange rates and 18 percent at constant exchange rates versus the same period in 2012.

Half-year revenue for LVMH for the period from July 1 to December 31, 2013 was 15.5 billion euros (21.2 billion dollars), reflecting growth of 2 percent at actual exchange rates compared with the same period in 2012. Profit from recurring operations for the 6-month period was 3.3 billion euros (4.5 billion dollars). For LVMH, the half-year period was marked by solid performance in wines and spirits; launch of very high quality leather products at Louis Vuitton, whose profitability remains at an exceptional level; further investment in fashion brands; success of the iconic lines from Parfums Christian Dior; excellent results from Bulgari; continued progress at Sephora and DFS, driven by innovation in products and services.

Despite an uncertain economic and monetary environment in Europe, the Christian Dior group will maintain a strategy focused on developing its brands by continuing to build on its savoir-faire, as well as through strong innovation and expansion in fast growing markets. The Board of Directors of Christian Dior met on February 13, 2014 and decided on the payment, on April 17, 2014, of an interim dividend of a gross amount of 1.20 euros (1.65 dollars) per share.