Luxury brand Christian Dior has seen revenues reach EUR29.9bn (US$39.68bn) for the year to 30 April, with its high-end Couture division posting a 19% increase in sales year-on-year.

The company, allied to luxury goods giant LVMH Moët Hennessy Louis Vuitton, said revenue at Christian Dior Couture reached EUR1.29bn, compared to the same period last year.

The Couture division saw retail revenue grow 23%, with growth in every region, while profit from recurring operations reached EUR131m.

The Christian Dior Group, meanwhile, said net profit reached EUR3.93bn for the full year and profit from recurring operations stood at EUR6.1bn.

Looking forward, the group said that despite an uncertain European environment, it expects to continue to gain market share thanks to numerous planned product launches and geographic expansion, while continuing to manage costs.

The news comes after LVMH posted a 6% decline in first-half net profit to EUR1.68bn on Friday (26 July) but said it remained confident it can gain market share in the second half of the year. 

Show the press release

Good Performance for the Christian Dior Group

VIEW ALL PRESS RELEASES

CHRISTIAN DIOR NYSE Euronext FR0000130403
CDI
RELEASE 26 JUL 2013 19:25 CET

 

Regulatory News :

Christian Dior (Paris:CDI) :

1. FISCAL YEAR FROM MAY 1, 2012 TO APRIL 30, 2013

The Christian Dior group recorded revenue of 29.9 billion euros for the fiscal year from May 1, 2012 to April 30, 2013, generating profit from recurring operations of 6.1 billion euros and a Group share of net profit of 1.4 billion euros.

(EUR millions)   Fiscal year from

May 1, 2012 to

April 30, 2013

(12 months)

  Fiscal year from

January 1 to

April 30, 2012

(4 months)

         
         
Revenue   29,881   8,993
Profit from recurring operations   6,090   1,809
Net profit   3,931   1,190
of which: Group share   1,431   394
Free cash flow (a)   2,473   294
 
(a) Before financial investments, transactions relating to equity and financing activities.

Revenue recorded by Christian Dior Couture for the fiscal year from May 1, 2012 to April 30, 2013 amounted to 1,289 million euros, representing an increase of 19% at actual exchange rates in relation to the comparable period of May 1, 2011 to April 30, 2012 (b). Retail activities saw revenue growth of 23% at actual exchange rates and continued to show strong improvement. Every geographic region contributed to this performance, served by the powerful appeal of all Dior’s products. Profit from recurring operations for the fiscal year ended April 30, 2013 was 131 million euros.

Original source: https://europeanequities.nyx.com/en/content/good-performance-christian-dior-group