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Christian Dior posts revenue of €18.4 bn in H1 FY20
24 Aug 20 1 min read
The Christian Dior group, a French luxury goods company, has posted 28 per cent revenue decrease to €18.4 billion in its first half (H1) for fiscal 2020, ended on June 30, 2020, compared to the revenue of €53.7 billion in same period previous year. Company’s net profit for the six months period was down to €202 million (H1 FY19: €1,317 million).
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Operating profit for the period fell to €1,515 million (€5,237 million). Profit from recurring operations were €1,669 million (€5,291 million).
Revenue of fashion & leather goods declined 23 per cent to €7,989 million (€10,425 million). China recorded a very strong recovery in revenue in second quarter and since May, Europe and US registered a gradual improvement. Louis Vuitton illustrated its creative force more than ever through its many new products. The Maison is strengthening its ties with its customers through several digital initiatives and maintained its profitability at an exceptional level, as company reported in a press release.
Selective retailing revenue was down 32 per cent to €4,844 million (€7,098 million). Sephora demonstrated good resistance during the health crisis, which led to the closure of almost all of its stores around the world for nearly two months.
Fibre2Fashion News Desk (JL)
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