Dior achieves revenues of 31 bn euros in FY14

REPORT_ The Christian Dior group achieved revenue of 31 billion euros (41.6 billion dollars) for the fiscal year from July 1, 2013 to June 30, 2014, generating profit from recurring operations of 6 billion euros (8 billion dollars). Consolidated net profit was 3.9 billion euros (5.2 billion dollars) and the

Group share of net profit was 1.4 billion euros (1.8 billion dollars).

In the second half of the fiscal year from January 1 to June 30, 2014, company showed good resilience

in Europe and continued growth in the United States and Asia. Strong negative exchange rate effect was seen particularly on fashion and leather goods and on watches and jewelry activities.

Company continued exceptional growth for Christian Dior Couture, particularly at its network of directly operated stores, up 19 percent at constant exchange rates compared to the same period in 2013. The qualitative development of Louis Vuitton, where profitability remained at an exceptional level, strong momentum at Parfums Christian Dior, investment in communication for watches and jewelry, and excellent performance of Sephora and continued expansion plan of DFS were some of the other highlights of the financial performance in the second half.

Despite an uncertain European economic environment, the Christian Dior group will continue to gain market share thanks to the numerous product launches planned in the coming months and its geographic expansion in promising markets, while continuing to manage costs. The annual financial statements as of June 30, 2014 will be approved by the Board of Directors at its meeting in October.