Christian Dior: First Half Results as of October 31, 2012

Fri Dec 21, 2012 2:10pm EST

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PARIS--(Business Wire)--
Regulatory News: 

Since Christian Dior (Paris:CDI) has modified the date on which its fiscal year
ends to April 30, this financial release covers the period from May 1 to October
31, 2012, corresponding to the first half of its 2012-13 fiscal year.

For the period from May 1 to October 31, 2012, the Christian Dior group had
revenue of 14.3 billion euros, its profit from recurring operations was 2,992
million euros, and the Group share of net profit was 725 million euros. These
excellent results bear witness to the vitality and appeal of the Group`s brands
throughout their markets.

 (EUR millions)                            May 1 to                 January 1 to     
                                           October 31, 2012         April 30, 2012   
                                           (6 months)               (4 months)       
                                                                                     
 * Revenue                                 14,343                   8,993            
 * Profit from recurring operations        2,992                    1,809            
 * Net profit                              1,939                    1,190            
 of which: Group share                     725                      394              


394

LVMH

LVMH`s revenue for the period increased by 18% (and by 7% at constant structure
and exchange rates) over the same period in 2011, to 13.7 billion euros. Profit
from recurring operations was 2,920 million euros. 

Highlights of the period include:

* Robust demand for the products of the Wines and Spirits business group,
accompanied by product mix improvements and a resolute policy of higher selling
prices; 
* Double-digit revenue growth for Louis Vuitton, fueled by the strong appeal of
its products and the unique experience offered to all its customers in its
stores; 
* Rapid development of the other fashion brands; 
* Strong momentum at Parfums Christian Dior driven by growth in its iconic
perfume lines; 
* Solid advances by Watches and Jewelry, with the ongoing integration of Bulgari
within LVMH; 
* Excellent performances by DFS and Sephora.

Christian Dior Couture

For the first half fiscal year ended October 31, 2012, Christian Dior Couture
had revenue of 632 million euros, representing a 26% increase (18% at constant
exchange rates) over the same period in 2011. Retail activities turned in
exceptional performance, especially in key geographic regions such as Europe,
Asia and the United States, thanks to the success of Leather Goods as well as
its Men`s and Women`s Ready-to-wear lines. Profit from recurring operations was
87 million euros. 

Outlook

Against the backdrop of an economic slowdown in Europe, the Christian Dior group
is pursuing an aggressive strategy emphasizing innovation and targeted
geographic expansion. The Christian Dior group intends to draw on the strong
momentum of its brands and the talent of its teams to further reinforce its
leadership position in the global luxury goods market. 

During the period under review and as of the date of this financial release, no
events or changes have occurred that would be likely to have a significant
impact on the Group`s financial structure. 

Christian Dior`s Board of Directors has decided to distribute an interim
dividend of 1.10 euros per share, which will be payable on April 25, 2013. 

* * 

*

APPENDIX: Revenue by business group and by period

Regulatory disclosures related to the information provided in this financial
release are available on the website www.dior-finance.com.

Audit procedures carried out, limited review report issued following the Board
meeting.

Some of the statements contained in this financial release may include or be
based on forward-looking information. Major risk factors, uncertainties as well
as 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.

APPENDIX

Christian Dior - Revenues by business groups and accounting periods (*)

 Current fiscal year                                                                                                                                                                     
 (EUR millions)                                    Christian        Wines           Fashion &        Perfumes &        Watches &        Selective         Other                  Total   
                                                   Dior             &               Leather          Cosmetics         Jewelry          Retailing         activities and                 
                                                   Couture          Spirits         Goods                                                                 eliminations                   
 Period from May 1 to July 31, 2012                323              843             2,413            805               733              1,834             (49)                   6,902   
 Period from August 1 to October 31, 2012          309              1,177           2,463            1,000             714              1,880             (151)                  14,343  
 Period from May 1 to October 31, 2012             632              2,020           4,876            1,805             1,447            3,714             (102)                  7,441   
                                                                                                                                                                                         
 Period ended April 30, 2012 (4 months)                                                                                                                                                  
 (EUR millions)                                    Christian        Wines           Fashion &        Perfumes &        Watches &        Selective         Other                  Total   
                                                   Dior             &               Leather          Cosmetics         Jewelry          Retailing         activities and                 
                                                   Couture          Spirits         Goods                                                                 eliminations                   
 Period from January 1 to March 31, 2012           284              926             2,374            899               630              1,823             (76)                   6,860   
 Period from January 1 to April 30, 2012           371              1,196           3,101            1,188             853              2,385             (101)                  8,993   
                                                                                                                                                                                         
 Period ended December 31, 2011 (12 months)                                                                                                                                              
 (EUR millions)                                    Christian        Wines           Fashion &        Perfumes &        Watches &        Selective         Other                  Total   
                                                   Dior             &               Leather          Cosmetics         Jewelry          Retailing         activities and                 
                                                   Couture          Spirits         Goods                                                                 eliminations                   
 Period from January 1 to March 31, 2011           221              762             2,029            803               261              1,421             (33)                   5,464   
 Period from April 1 to June 30, 2011              224              673             1,942            715               315              1,410             (22)                   5,257   
 Period from July 1 to September 30, 2011          260              871             2,218            793               636              1,547             (61)                   6,264   
 Period from October 1 to December 31, 2011        295              1,218           2,523            884               737              2,058             (72)                   7,643   
 Period from January 1 to December 31, 2011        1,000            3,524           8,712            3,195             1,949            6,436             (188)                  24,628  
 (*) Figures rounded to the nearest digit.                                                                                                                                               


Christian Dior
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