Christian Dior Couture turnover exceeds one billion euros

By

Florent Gilles

Published
Apr 13, 2014

In the first nine months of the fiscal year 2013-2014, LVMH’s parent company, the Christian Dior group, has recorded a turnover of 23.77 billion euros, up 3% compared to the same period last year.

The group, which holds a 40% stake in LVMH as well as the entirety of Christian Dior Couture, had modified the close of its fiscal year in 2013 in order to begin its 2013-2014 fiscal year (and all subsequent years) in early July.

The figures underscore very positive results following the appointment of Raf Simons to head of Christian Dior Couture style, the brand’s revenues exceeding one billion euros in the first nine months of the 2013-2014 fiscal year.

In the 3rd quarter alone, from January to March, sales from Christian Dior Couture amounted to 357 million euros, a figure up 13% compared to the previous year (+17% organic). The group continued to grow in the United States and Asia. It has also experienced rapid progress in Japan despite the country’s inflationary environment. Europe has proven “resilient” in a difficult economic situation.

Between January 1 and March 31 2014, the parent company of Louis Vuitton, Dior, Fendi and Sephora experienced "exceptional" growth: 13% at current exchange rates (+17% organic).

The group’s fashion and leather good’s division, its most lucrative, earned 2.64 billion euros over the same period.

Selective retailing recorded strong growth driven by DFS’s solid performance and Sephora’s continued retail progress. Its sales were 2.23 billion euros this quarter ($2.12 billion one year earlier), growing by 10% (+5% at current exchange rates). The division is second after fashion and leather goods in terms of size.

Perfumes and cosmetics have been driven by the performance of Guerlain’s “The Little Black Dress". Sales in this division reached 941 million euros (+1% at current exchange rates).

Only the wines and spirits division appears to have contracted (-8% at current exchange rates and -4% organic) to 896 million euros, mainly due to cognac destocking in China.