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Christian Dior Couture records strong growth in 2007
11
Feb '08
The Christian Dior Group has had an excellent year in 2007. Revenue increased to a record 17,245 million Euros reflecting an organic growth of 13%. Despite the negative impact of exchange rates, profit from recurring operations rose to 3,610 million Euros, an increase of 12.5% over 2006's already strong performance. The current operating margin again improved reaching 21% in 2007.

LVMH's profit from recurring operations increased by 12% to 3,555 million Euros. At constant exchange rates, profit from recurring operations grew by 20%. Revenue increased to 16,481 Euros, reflecting organic growth of 13% to which all business groups and all regions contributed.

Highlights of 2007 include further market share gains in all business activities, outstanding momentum in Wines & Spirits, exceptional operating margin at Louis Vuitton which recorded another year of double-digit organic growth, strong growth in the results of Watches & Jewelry whose current operating margin reached 17%, excellent performance from Perfumes & Cosmetics led by Christian Dior, and strong growth in revenue and profitability at Sephora.

Christian Dior Couture recorded a strong growth in its operating profit in 2007, which increased by 32% to 74 million Euros. This significant improvement in profitability has been due to the combined growth in revenue and margin as well as control of operating costs.

Christian Dior's revenue for the year increased to 787 million Euros, up 12% at constant exchange rates and 8% at current exchange rates, compared to 2006. Jewelry and Ready-to-Wear performed particularly well. The Fall-Winter collection is a big success and the number of boutiques has increased.


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