Christian Dior Couture sales jump 19%

By

Bruno Joly

Published
Jul 30, 2014

Christian Dior Couture is doing well - very well. The group Christian Dior, which owns more than 40% of LVMH and the entirety of the eponymous fashion house, released its results last Friday. While LVMH published recently published interim results, its parent company published its annual results. For its 2013-14 financial year ending on June 30, Christian Dior SA saw its total sales increase by 7% at constant exchange rates to nearly 31 billion euros with an operating profit, meanwhile, of just over 6 billion, down 1%.

In the report, the financial condition of the fashion house Christian Dior is clear. And it is doing much better than LVMH. Over the past twelve months, Christian Dior Couture saw its sales jump by 14% to more than 1.5 billion euros. At constant exchange rates and on a comparable basis, the increase was 19%. What’s more, its operating profit jumped by 38% to 192 million euros. By way of comparison, the group’s Fashion and Leather Goods division saw its sales increase by a mere 5% to 10 billion and its operating profit actually declined by 3% to about 3 billion during the period.