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CHRISTIAN DIOR (CDI)

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07/30CHRISTIAN DIOR: Regulated Information – 2010 Half-Yearly Financial Report
07/27CHRISTIAN DIOR: Excellent First Half of the Year for Christian Dior
2009CHRISTIAN DIOR: 2009 Half-Yearly Financial Report
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CHRISTIAN DIOR : Excellent First Half of the Year for Christian Dior

07/27/2010 | 02:50 pm

Regulatory News:

The Christian Dior Group (Paris:CDI) recorded revenue of 9.5 billion euros in the first half of 2010, an increase of 16%. Organic growth (at comparable structure and exchange rates) stood at 14% compared to the same period in 2009. The Group performed particularly well in Asia, the United States and Europe.

Profit from recurring operations in the first half of 2010 increased by 33% to 1,812 million euros.

Group share of net profit increased by 68% to 422 million euros.

(Euro millions)  

First half 2010

 

First half 2009

  • Revenue
9,461 8,137
  • Profit from recurring operations
1,812 1,358
  • Net profit
1,110 709
Of which Group share 422 252

LVMH

LVMH recorded revenue of 9.1 billion euros, an increase of 16% (+14% at comparable structure and exchange rates). Profit from recurring operations increased by 33% to 1,816 million euros.

Highlights of the first half of 2010 include:

? Double-digit organic revenue growth in all business groups,

? Market share gains of all our brands notably with double-digit revenue growth at Louis Vuitton, whose profitability continues to be at an exceptional level,

? Strong revenue growth in emerging markets,

? A record level of first half current operating margin,

? Robust rebound in orders from distributors of Wines & Spirits and Watches & Jewelry,

? Rapid progress and market share gains at Parfums Christian Dior and Sephora.

Christian Dior Couture

Christian Dior Couture revenues in the first half of 2010 were 373 million euros, an increase of 10% (+7% at constant exchange rates) compared to the same period in 2009. Activity in retail stores confirmed good growth momentum in all geographic regions, with a 17% increase in revenues. Profit from recurring operations stood at 8 million euros.

2010 Outlook

In the current recovery from the economic crisis, the Christian Dior Group will continue to gain market share thanks to the numerous product launches planned before the end of the year, to its geographic expansion in promising markets and to its cost management.

Our strategy of focusing on quality across our entire product range, combined with the dynamism and unparalleled creativity of our teams, will enable us to reinforce, once again in 2010, the Group's global leadership position in luxury products.

The Christian Dior Board decided the payment of an interim dividend of 0.88 euro per share on December 2, 2010.

* *

*

APPENDIX: Revenue by business group and by quarter.

Regulated information related to this press release is available on the internet site www.dior-finance.com

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

"Certain information included in this press 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 - Revenue by business group and by quarter (*)
 
First half 2010
                                     
(Euro millions)   Christian Dior Couture   Wine & Spirits   Fashion & Leather Goods   Perfumes & Cosmetics   Watches & Jewelry   Selective Retailing   Other activities & eliminations   Total
 
First quarter 180 635 1,729 736 204 1,181 (17) 4,648
Second quarter 193 667 1,787 705 239 1,238 (16) 4,813
                                     
 
Total revenue 373 1,302 3,516 1,441 443 2,419 (33) 9,461
                                     
 
First half 2009
                                     
(Euro millions)   Christian Dior Couture   Wine & Spirits   Fashion & Leather Goods   Perfumes & Cosmetics   Watches & Jewelry   Selective Retailing   Other activities & eliminations   Total
 
First quarter 169 540 1,598 663 154 1,085 (27) 4,182
Second quarter 171 539 1,390 622 192 1,042 (1) 3,955
                                     
 
Total revenue 340 1,079 2,988 1,285 346 2,127 (28) 8,137
                                     
 
(*) Amounts rounded to the nearest digit.

Christian Dior Group
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