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Recurring operations strengthen Christian Dior's profit

Mar '06
Leading fashion group The Christian Dior Group achieved record revenue and profitability in 2005 and growth was enjoyed across all geographic regions, notably the United States, Asia and Europe.

In spite of the very strong negative impact of exchange rates, profit from recurring operations rose 16 percent to 2,791 million Euros, increasing more rapidly than revenues, which themselves showed a strong 11 percent rise in growth.

LVMH recorded a 16 percent increase in profit from recurring operations amounting to 2,743 million Euros on revenue of 14 billion Euros. At constant exchange rates, the Group's profit from recurring operations increased by 22 percent.

The Group share of net profit increased by 21 percent compared to 2004, which was also a year of very strong growth. This increase is largely attributable to the Group's improved operating profitability and the reduction in financial expenses brought about by decreased levels of debt.

Christian Dior Couture's profit from recurring operations was up 6 percent to 53 million Euros. The increase in operating profit, obtained in spite of substantial investments in the network of boutiques over the course of 2005, confirms the strength of the brand and the desire to pursue its investment strategy with a view to increasing future profitability. Operating profit should increase significantly from 2006.

With three highly talented designers, French company Christian Dior is clearly signaling the priority it gives to innovation. This human wealth is an exception in the luxury market, but it is the foundation of our success.

The Christian Dior Group

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