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CDI - Christian Dior SE News Story

€624 2.5  0.4%

Last Trade - 14/05/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £96.95bn
Enterprise Value £142.34bn
Revenue £38.46bn
Position in Universe 8th / 850

Christian Dior : First quarter 2017 revenue

Tue 11th April, 2017 5:01pm
Christian Dior : First quarter 2017 revenue

FIRST QUARTER 2017 REVENUE

In the first quarter of the 2017 fiscal year, the Christian Dior group recorded revenue of 10.4 billion euros, up 15% at actual exchange rates compared to the period from January 1 to March 31, 2016. Organic revenue growth was 13%, with all business groups contributing to this increase.

During the first quarter, the Group benefited from a favourable comparison base, particularly in Europe, where activity was affected last year by the impact of the November 2015 attacks in Paris. The trend currently observed cannot reasonably be extrapolated for the full year.

The change in revenue at actual exchange rates was as follows:





(EUR millions)
First quarter
2017
Period from
January 1 to
March 31, 2016
Christian Dior Couture 506 429
LVMH 9,884 8,620
Other activities and eliminations (10) (8)
Total 10,380 9,041

For the first quarter of 2017, Christian Dior Couture posted revenue of 506 million euros, up 18% at actual exchange rates and 17% at constant exchange rates compared with the same period in 2016. Retail sales revenue grew by 19% at actual exchange rates and 18% at constant exchange rates. During the quarter, the first Spring/Summer 2017 Ready-to-Wear and Accessories collections designed by the new Creative Director for women's fashion were very well received.

In the first quarter of 2017, LVMH recorded revenue of 9,884 million euros, up 15%. Organic growth was 13% compared to the same period of 2016. Positive growth was achieved in Asia, Europe and the United States.


Revenue of the Christian Dior group, by business group, was as follows:





(EUR millions)
First quarter
2017
Period from
January 1 to
March 31, 2016
Change at
actual
exchange rates
Organic
growth (a)
Christian Dior Couture 506 429 +18% +17%
Wines and Spirits 1,196 1,033 +16% +13%
Fashion and Leather Goods 3,405 2,965 +15% +15%
Perfumes and Cosmetics 1,395 1,213 +15% +12%
Watches and Jewelry 879 774 +14% +11%
Selective Retailing 3,154 2,747 +15% +11%
Other activities and eliminations (155) (120) - -
Total 10,380 9,041 +15% +13%

(a) At constant structure and exchange rates

Outlook
In a particularly uncertain environment, the Christian Dior group will continue to focus its efforts on developing its brands, maintain strict control over costs and target its investments on the quality, excellence and innovation of its products and their distribution. The Group will rely on the talent and motivation of its teams, diversification of its businesses and good geographical balance of its revenue to reinforce, once again in 2017, its global leadership position in luxury goods.

During the quarter and to date, no events or changes have occurred which could significantly modify the Group's financial structure.

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This document is a free translation into English of the original French "Communiqu" dated April 11, 2017. Itis not a binding document. In the event of a conflict in interpretation, reference should be made to the Frenchversion, which is the authentic text.

This announcement constitutes regulated information, and is available on the Company's website (www.dior-finance.com).

Some of the statements contained in this financial release may include or be based on forward-looking information. Major risk factors, uncertainties or elements either beyond our control or unable to be anticipated as of this writing may thus cause actual results to differ significantly from those expressed or implied by the forward-looking information in this financial release. The statements made herein reflect our vision of the Group's business activities as of the date of this financial release. Accordingly, readers are cautioned not to place undue reliance on the information thus provided. Furthermore, it should be noted that we undertake no obligation to update publicly or otherwise revise any forward-looking statements.




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Christian Dior via Globenewswire

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