Christian Dior: Continued Strong Growth Momentum
10% Organic Growth at End of September
2008 Objectives Confirmed
PARIS--(BUSINESS WIRE)--
Regulatory News:
For the first nine months of the year, Christian Dior Group (Paris:CDI) reported revenues of 12.5 billion euros, reflecting organic growth of 10% compared to the same period in 2007.
In the third quarter of 2008, the Group achieved organic revenue growth of 6% despite the global economic environment. This performance is even more remarkable in view of the high comparative figures reported in the third quarter of 2007.
At current exchange rates, the evolution was as follows:
| (in euro millions) |
First 9 months
2008 |
First 9 months
2007 |
||
| Christian Dior Couture | 564 | 570 | ||
| LVMH | 11,959 | 11,446 | ||
| Eliminations | <18> | <21> | ||
| TOTAL | 12,505 | 11,995 |
LVMH achieved revenue of 11,959 million euros in the first nine months of 2008, reflecting organic growth of 10%. Louis Vuitton continued to display an exceptional performance. By business group, revenue progress was as follows:
|
Organic growth 2008/2007
First 9 months |
||
| Wines & Spirits | + 5 % | |
| Fashion & Leather Goods | + 12 % | |
| Perfumes & Cosmetics | + 11 % | |
| Watches & Jewelry | + 9 % | |
| Selective Retailing | + 11 % | |
At the end of September 2008, Christian Dior Couture revenues amounted to 564 million euros, an increase of 3.5% at constant exchange rates.
The Group relies on the strength of its brands and on the considerable success of its products to continue its growth momentum despite the current economic and financial crisis. The Christian Dior Group confirms its objective of a tangible increase in its results for 2008.
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.”
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