Christian Dior: Results for the Period from January 1 to December 31, 2012

  Christian Dior: Results for the Period from January 1 to December 31, 2012

Business Wire

PARIS -- February 1, 2013

Regulatory News:

Since Christian Dior (Paris:CDI) has modified the date on which its fiscal
year ends to April 30, financial data for the period from January 1 to
December 31, 2012 do not correspond to any statutory accounting period for
Christian Dior. These data are published for information purposes in
anticipation of the later disclosure of financial results as of December 31,
2012 by an affiliated company.

The Christian Dior group recorded revenue of 29.3 billion euros, for the
period from January 1 to December 31, 2012, an increase of 19% compared to
2011. This includes the integration of Bulgari as of June 30, 2011. Organic
revenue growth was 9.5%. All business groups saw excellent momentum in Europe,
Asia and the United States.

Profit from recurring operations increased by 13% to 6.0 billion euros, a
performance which is even more remarkable when compared to the strong growth
in 2011. Current operating margin for the period was 21%. Group share of net
profit was 1.4 billion euros, an increase of 9% compared to 2011.

                                   January 1 -     January 1 -
(EUR millions)                                                 Change 
                                   December 31,    December 31,
                                   2012            2011
                                                                   
                                                                           
Revenue                            29,301          24,628         +19%     (*)
Profit from recurring              6,019           5,323          +13%
operations
Net profit                         3,878           3,448          +12%
of which: Group share              1,388           1,279          +9%
Free cash flow (**)                2,445           2,148          +14%
                                                                           
(*) +9.5% at constant structure and exchange rates
(**) Before financial investments, transactions relating to equity and
financing activities


LVMH

LVMH’s reported revenue for the period increased by 19% (and by 9% at constant
structure and exchange rates) compared to 2011, reaching 28.1 billion euros.
Profit from recurring operations increased by 13% compared to 2011, reaching
5.9 billion euros.

Highlights of the period include:

  *Further market share gains throughout the world;
  *Strong momentum in the United States;
  *Continued rapid growth in Asia;
  *Strong progression in Wines and Spirits;
  *Double-digit revenue growth and exceptional profitability at Louis
    Vuitton;
  *Improved performance of other Fashion and Leather Goods brands;
  *Remarkable year for Parfums Christian Dior which gained market share in a
    competitive environment;
  *On-going strengthening of the market positions of DFS and Sephora due to
    their innovative products and services;
  *Excellent results for TAG Heuer and the integration of the first full year
    of Bulgari.

LVMH revenue by business group:

(EUR millions)                     2012    2011    Change
                                                      Reported  Organic (*)
                                                         
                                                                 
Wines and Spirits                   4,137    3,524    +17%       +11%
Fashion and Leather Goods           9,926    8,712    +14%       +7%
Perfumes and Cosmetics              3,613    3,195    +13%       +8%
Watches and Jewelry                 2,836    1,949    +46%       +6%
Selective Retailing                 7,879    6,436    +22%       +14%
Other activities and eliminations   (288)    (157)    -          -
                                                         
                                                                 
Total LVMH, as reported             28,103   23,659   +19%       +9%
                                                                 

(*) At constant structure and exchange rates

LVMH profit from recurring operations by business group:

(EUR millions)                     2012   2011   Variations
                                              
                                                    
Wines and Spirits                   1,260   1,101   +14%
Fashion and Leather Goods           3,264   3,075   +6%
Perfumes and Cosmetics              408     348     +17%
Watches and Jewelry                 334     265     +26%
Selective Retailing                 854     716     +19%
Other activities and eliminations   (199)   (242)   -
                                              
                                                    
Total LVMH, as reported             5,921   5,263   +13%
                                                    

Christian Dior Couture

Revenue recorded by Christian Dior Couture for the period from January 1 to
December 31, 2012 amounted to 1,238 million euros, representing an increase of
24% at actual exchange rates and 17% at constant exchange rates compared to
2011. All product lines contributed to this performance. Dior’s retail network
saw sales growth of 31% at actual exchange rates and 23% at constant exchange
rates. Profit from recurring operations was 131 million euros, up 54% from
2011. These results reaffirm the exceptional quality of Dior’s products and
the powerful appeal of its stores.

Outlook

Despite an uncertain economic environment in Europe, the Christian Dior group
is well-equipped to continue its growth momentum across all business groups in
2013. The Group will maintain a strategy focused on developing its brands by
continuing to build up its savoir-faire, as well as through strong innovation
and expansion in fast growing markets.

Driven by the agility of its organization, the balance of its different
businesses and geographic diversity, the Group enters 2013 with confidence and
has, once again, set an objective of increasing its global leadership position
in luxury goods.

During the period under review and as of the date of this financial release,
no events or changes have occurred that would be likely to have a significant
impact on the Group’s financial structure.

                                     * *
                                      *

Audit procedures carried out.

Regulatory disclosures related to the information provided in this financial
release are available on the website www.dior-finance.com.

Certain information included in this release is forward looking and is subject
to important risks and uncertainties and factors beyond our control or ability
to predict, that could cause actual results to differ materially from those
anticipated, projected or implied. It only reflects our views as of the date
of this presentation. No undue reliance should therefore be based on any such
information, it being also agreed that we undertake no commitment to amend or
update it after the date hereof.

Contact:

Christian Dior
01 44 13 22 22
 
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