Regulatory News:
The Christian Dior Group (Paris:CDI) recorded a 25.5% increase in first quarter 2012 revenue to 6.9 billion Euros. Organic* revenue growth was 14% compared to the same period in 2011. The Group continued its excellent momentum at the start of the year with particularly fast growth in Asia and in the United States and good progress in Europe despite the contrasting environment.
On a current exchange rate basis, revenues were as follows:
In Euro millions | Â | Q1 2012 | Â | Q1 2011 |
| Christian Dior Couture | 284 | 221 | ||
| LVMH (reported) | 6,582 | 5,247 | ||
| Eliminations | <6> | <4> | ||
TOTAL | 6,860 | 5,464 |
LVMH revenues of 6,582 million Euros reflected growth of 25% at current exchange rates and of 14% with comparable structure and constant exchange rates.
In Fashion & Leather Goods, Louis Vuitton continued its double-digit growth thanks to sustained demand across all of its product categories. The other brands continued their rapid expansion. The Wines & Spirits business as well as that of Perfumes & Cosmetics saw an acceleration in revenue growth compared to the trends seen in the fourth quarter of 2011. Watches & Jewelry and Selective Retailing continued their rapid growth.
| Â | % change Q1 2012 / Q1 2011 | |||
Reported | Â | Organic* | ||
| Wines & Spirits | + 22% | + 16% | ||
| Fashion & Leather Goods | + 17% | + 12% | ||
| Perfumes & Cosmetics | + 12% | + 9% | ||
| Watches & Jewelry | + 141% | + 17% | ||
| Selective Retailing | + 28% | + 18% | ||
| Â | ||||
| Total LVMH (reported) | + 25% | + 14% | ||
* with comparable structure and constant exchange rates.
Christian Dior Couture first quarter revenues amounted to 284 million Euros, an increase of 29% at current exchange rates and of 24% at constant exchange rates. Retail activities recorded revenue growth of 41% at current exchange rates and of 35% at constant exchange rates, reflecting a positive momentum in Europe, America and Asia, which recorded strong growth.
In an economic environment which remains uncertain in Europe, the Christian Dior Group will continue to focus its efforts on developing its brands, will maintain a strict control over costs and will target its investments on the quality, the excellence and the innovation of its products and their distribution. The Group will rely on the talent and motivation of its teams, the diversification of its businesses and the good geographical balance of its revenues to increase, once again in 2012, its leadership of the global high quality products market.
APPENDIX – Quarterly revenues by business groups
The regulated information related to this press release is available on the website www.dior-finance.com.
"Certain information included in this release is forward looking and is subject to important risks and uncertainties and factors beyond our control or ability to predict, that could cause actual results to differ materially from those anticipated, projected or implied. It only reflects our views as of the date of this presentation. No undue reliance should therefore be based on any such information, it being also agreed that we undertake no commitment to amend or update it after the date hereof."
APPENDIX
Christian Dior - Quarterly revenues by business groups (*)
| In EUR millions | Â | Christian Dior Couture | Â | Wines & Spirits | Â | Fashion & Leather Goods | Â | Perfumes & Cosmetics | Â | Watches & Jewelry | Â | Selective Retailing | Â | Other activities | Â | Total |
| Â | Â | Â | Â | Â | Â | Â | Â | Â | ||||||||
| Q1 2012 | 284 | 926 | 2,374 | 899 | 630 | 1,823 | (76) | 6,860 | ||||||||
| Â | ||||||||||||||||
| Q1 2011 | 221 | 762 | 2,029 | 803 | 261 | 1,421 | (33) | 5,464 |
(*) Amounts rounded to the nearest digit.
Contacts:
Christian Dior
PHONE + 33 (0)1 44 13 22 22
