The Christian Dior group, a France-based luxury goods company, has recorded 17 per cent revenue decrease to €44.7 billion in its complete fiscal 2020, that ended on December 31, compared to the revenue of €53.6 billion in the previous fiscal. Group’s net profit for the twelve-month period was down to €1.9 billion (FY19: €2.9 billion).
The Christian Dior group, a France-based luxury goods company, has recorded 17 per cent revenue decrease to €44.7 billion in its complete fiscal 2020, that ended on December 31, compared to the revenue of €53.6 billion in the previous fiscal. Group's net profit for the twelve-month period was down to €1.9 billion (FY19: €2.9 billion). #
Operating profit for the year fell to €7.9 billion (€11.2 billion), while profit from recurring operations were €8.3 billion (€11.4 billion). Gross margin during FY20 slipped to €28.7 billion (€35.5 billion).
The Christian Dior group, a France-based luxury goods company, has recorded 17 per cent revenue decrease to €44.7 billion in its complete fiscal 2020, that ended on December 31, compared to the revenue of €53.6 billion in the previous fiscal. Group's net profit for the twelve-month period was down to €1.9 billion (FY19: €2.9 billion). #
Revenue of fashion & leather goods declined 5 per cent to €21.2 billion (€22.2 billion). China recorded a strong recovery in revenue beginning in April and the United States in July. Double-digit organic revenue growth at Louis Vuitton and Christian Dior Maisons over the last two quarters of 2020, helped the segment.
The Christian Dior group, a France-based luxury goods company, has recorded 17 per cent revenue decrease to €44.7 billion in its complete fiscal 2020, that ended on December 31, compared to the revenue of €53.6 billion in the previous fiscal. Group's net profit for the twelve-month period was down to €1.9 billion (FY19: €2.9 billion). #
While all other business groups reported decrease in the revenue during FY20: Wines & Spirits €4.7 billion (€5.5 billion); Perfumes & Cosmetics €5.2 billion (€6.8 billion); Watches & Jewellery €3.3 billion (€4.4 billion); and Selective Retailing €10.1 billion (€14.7 billion).
Fibre2Fashion News Desk (JL)
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