Christian Dior: Results for the Period from January 1 to December 31, 2012

Fri Feb 1, 2013 12:00pm 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, financial data for the period from January 1 to December 31,
2012 do not correspond to any statutory accounting period for Christian Dior.
These data are published for information purposes in anticipation of the later
disclosure of financial results as of December 31, 2012 by an affiliated
company.

The Christian Dior group recorded revenue of 29.3 billion euros, for the period
from January 1 to December 31, 2012, an increase of 19% compared to 2011. This
includes the integration of Bulgari as of June 30, 2011. Organic revenue growth
was 9.5%. All business groups saw excellent momentum in Europe, Asia and the
United States. 

Profit from recurring operations increased by 13% to 6.0 billion euros, a
performance which is even more remarkable when compared to the strong growth in
2011. Current operating margin for the period was 21%. Group share of net profit
was 1.4 billion euros, an increase of 9% compared to 2011.

 (EUR millions)                                 January 1 -                      January 1 -           Change         
                                                December 31, 2012                December 31, 2011                    
                                                                                                                      
                                                                                                                      
 Revenue                                        29,301                           24,628                +19%      (*)  
 Profit from recurring operations               6,019                            5,323                 +13%           
 Net profit                                     3,878                            3,448                 +12%           
 of which: Group share                          1,388                            1,279                 +9%            
 Free cash flow (**)                            2,445                            2,148                 +14%           
                                                                                                                      
 (*) +9.5% at constant structure and exchange rates                                                                   
 (**) Before financial investments, transactions relating to equity and financing activities                          
                                                                                                                      


LVMH

LVMH`s reported revenue for the period increased by 19% (and by 9% at constant
structure and exchange rates) compared to 2011, reaching 28.1 billion euros.
Profit from recurring operations increased by 13% compared to 2011, reaching 5.9
billion euros. 

Highlights of the period include:

* Further market share gains throughout the world; 
* Strong momentum in the United States; 
* Continued rapid growth in Asia; 
* Strong progression in Wines and Spirits; 
* Double-digit revenue growth and exceptional profitability at Louis Vuitton; 
* Improved performance of other Fashion and Leather Goods brands; 
* Remarkable year for Parfums Christian Dior which gained market share in a
competitive environment; 
* On-going strengthening of the market positions of DFS and Sephora due to their
innovative products and services; 
* Excellent results for TAG Heuer and the integration of the first full year of
Bulgari.

LVMH revenue by business group:

 (EUR millions)                       2012       2011              Change                  
                                                         Reported             Organic (*)  
                                                                                           
                                                                                           
 Wines and Spirits                    4,137      3,524             +17%       +11%         
 Fashion and Leather Goods            9,926      8,712             +14%       +7%          
 Perfumes and Cosmetics               3,613      3,195             +13%       +8%          
 Watches and Jewelry                  2,836      1,949             +46%       +6%          
 Selective Retailing                  7,879      6,436             +22%       +14%         
 Other activities and eliminations    (288)      (157)             -          -            
                                                                                           
                                                                                           
 Total LVMH, as reported              28,103     23,659            +19%       +9%          
                                                                                           


(*) At constant structure and exchange rates

LVMH profit from recurring operations by business group:

 (EUR millions)                       2012     2011     Variations  
                                                                    
                                                                    
 Wines and Spirits                    1,260    1,101    +14%        
 Fashion and Leather Goods            3,264    3,075    +6%         
 Perfumes and Cosmetics               408      348      +17%        
 Watches and Jewelry                  334      265      +26%        
 Selective Retailing                  854      716      +19%        
 Other activities and eliminations    (199)    (242)    -           
                                                                    
                                                                    
 Total LVMH, as reported              5,921    5,263    +13%        
                                                                    


Christian Dior Couture

Revenue recorded by Christian Dior Couture for the period from January 1 to
December 31, 2012 amounted to 1,238 million euros, representing an increase of
24% at actual exchange rates and 17% at constant exchange rates compared to
2011. All product lines contributed to this performance. Dior`s retail network
saw sales growth of 31% at actual exchange rates and 23% at constant exchange
rates. Profit from recurring operations was 131 million euros, up 54% from 2011.
These results reaffirm the exceptional quality of Dior`s products and the
powerful appeal of its stores. 

Outlook

Despite an uncertain economic environment in Europe, the Christian Dior group is
well-equipped to continue its growth momentum across all business groups in
2013. The Group will maintain a strategy focused on developing its brands by
continuing to build up its savoir-faire, as well as through strong innovation
and expansion in fast growing markets. 

Driven by the agility of its organization, the balance of its different
businesses and geographic diversity, the Group enters 2013 with confidence and
has, once again, set an objective of increasing its global leadership position
in luxury goods. 

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. 

* *
*

Audit procedures carried out.

Regulatory disclosures related to the information provided in this financial
release are 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.

Christian Dior
01 44 13 22 22 

Copyright Business Wire 2013

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