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.
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(Euro millions)
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First half 2010
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First half 2009
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9,461
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8,137
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-
Profit from recurring operations
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1,812
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1,358
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1,110
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709
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Of which Group share
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422
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252
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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.?
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APPENDIX
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Christian Dior - Revenue by business group and by quarter (*)
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First half 2010
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(Euro millions)
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Christian Dior Couture
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Wine & Spirits
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Fashion & Leather Goods
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Perfumes & Cosmetics
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Watches & Jewelry
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Selective Retailing
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Other activities & eliminations
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Total
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First quarter
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180
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635
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1,729
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736
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204
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1,181
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(17)
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4,648
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Second quarter
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193
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667
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1,787
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705
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239
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1,238
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(16)
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4,813
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Total revenue
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373
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1,302
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3,516
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1,441
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443
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2,419
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(33)
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9,461
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First half 2009
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(Euro millions)
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Christian Dior Couture
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Wine & Spirits
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Fashion & Leather Goods
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Perfumes & Cosmetics
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Watches & Jewelry
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Selective Retailing
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Other activities & eliminations
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Total
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First quarter
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169
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540
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1,598
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663
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154
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1,085
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(27)
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4,182
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Second quarter
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171
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539
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1,390
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622
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192
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1,042
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(1)
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3,955
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Total revenue
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340
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1,079
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2,988
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1,285
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346
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2,127
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(28)
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8,137
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(*) Amounts rounded to the nearest digit.
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Christian Dior Group
01 44 13 22 22