Christian Dior : Results for the Two-Month Fiscal Year Ended June 30, 2013

  Christian Dior : Results for the Two-Month Fiscal Year Ended June30,2013

Business Wire

PARIS -- October 4, 2013

Regulatory News :

This release covers a fiscal year lasting, exceptionally, two months (from
May1 to June30,2013), due to the fact that Christian Dior (Paris:CDI) has
changed its fiscal year-end date from April30 to June30.

The Christian Dior group recorded revenue of 4.8 billion euros for the fiscal
year from May 1, to June 30, 2013, generating profit from recurring operations
of 881 million euros and a Group share of net profit of 216 million euros.

Fiscal year from May 1 to June 30, 2013 (2 months)



(EUR millions)
                                     
Revenue                                   4,768
Profit from recurring operations          881
Net profit                                566
of which: Group share                     216
Free cash flow ^(a)                       40

(a) Before financial investments, transactions relating to equity and
financing activities.

Broken down by business group, the Group’s revenue and profit from recurring
operations were as follows:

Fiscal year from May 1 to June 30, 2013 (2 months)
(EUR millions)                     Revenue  Profit from recurring operations
                                           
Christian Dior Couture              237       35
Wines and Spirits                   541       134
Fashion and Leather Goods           1,600     517
Perfumes and Cosmetics              551       34
Watches and Jewelry                 467       71
Selective Retailing                 1,406     121
Other activities and eliminations   (34)      (31)
                                          
                                              
Total                               4,768     881

Highlights of the period include:

  *Good resilience in Europe and sustained momentum in Asia, the United
    States and Japan;
  *Robust revenue growth continuing at Christian Dior Couture;
  *The very qualitative development of Louis Vuitton, whose profitability
    remains at an exceptional level;
  *Continued investment in the fashion brands;
  *Further innovation and success of iconic lines at Parfums Christian Dior;
  *Increased selectivity in Watches and Jewelry distribution;
  *Excellent performance of DFS and Sephora worldwide.

OUTLOOK

Despite continued uncertainty in the European economic environment, the
Christian Dior group will continue to gain market share thanks to the numerous
product launches planned for the months ahead and its geographic expansion in
promising markets.
Our strategy of focusing on quality across all our activities, the dynamism
and unparalleled creativity of our teams, and rigorous management will enable
us to continue building on the Group’s global leadership position in luxury
goods.

The Board of Directors convened on October3,2013 to approve the financial
statements for the fiscal year ended June30,2013. No dividend will be
proposed for this two-month fiscal year. The financial statements for the
fiscal year will be submitted to the Shareholders’ Meeting of
December19,2013 for approval.

Audit procedures have been carried out and the audit report is in the process
of being issued.

                                     * *

                                      *

APPENDIX: Revenue by business group and by accounting period

This announcement constitutes regulated information and is made available on
the Company’s website(www.dior-finance.com).

Some of the statements contained in this financial release may include or be
based on forward-looking information. Major risk factors, uncertainties as
well as elements either beyond our control or unable to be anticipated as of
this writing may thus cause actual results to differ significantly from those
expressed or implied by the forward-looking information in this financial
release. The statements made herein reflect our vision of the Group’s business
activities as of the date of this financial release. Accordingly, readers are
cautioned not to place undue reliance on the information thus provided.
Furthermore, it should be noted that we undertake no obligation to update
publicly or otherwise revise any forward-looking statements.

APPENDIX                                                                            
                                                                                             
Christian Dior Group - Revenue by
business group and accounting period (*)
                                                                                             
Fiscal
year
ended
June 30,
2013 (2
months)
                                                                             
                                                                                             
            Christian             Fashion                                     Other
                        Wines     and       Perfumes    Watches   Selective
(EUR        Dior        and                 and         and                   activities     Total
millions)                         Leather                         Retailing   and
            Couture     Spirits             Cosmetics   Jewelry
                                  Goods                                       eliminations
                                                                             
                                                                                             
Total       237         541       1,600     551         467       1,406       (34)           4,768
                                                                             
                                                                                             
                                                                                             
Fiscal year ended
April 30, 2013 (12
months)
                                                                             
                                                                                             
            Christian             Fashion                                     Other
                        Wines     and       Perfumes    Watches   Selective
(EUR        Dior        and                 and         and                   activities     Total
millions)                         Leather                         Retailing   and
            Couture     Spirits             Cosmetics   Jewelry
                                  Goods                                       eliminations
                                                                             
                                                                                             
Period
from May    323         843       2,413     805         733       1,834       (49)           6,902
1 to July
31, 2012
Period
from
August 1    309         1,177     2,463     1,000       714       1,880       (102)          7,441
to
October
31, 2012
Period
from
November
1, 2012     339         1,324     2,760     951         724       2,477       (111)          8,464
to
January
31, 2013
Period
from
February    318         864       2,300     922         655       2,112       (97)           7,074
1 to
April 30,
2013
                                                                             
                                                                                             
Total       1,289       4,208     9,936     3,678       2,826     8,303       (359)          29,881
                                                                             
                                                                                             
                                                                                             
Fiscal year ended
April 30, 2012 (4
months)
                                                                             
                                                                                             
            Christian             Fashion                                     Other
                        Wines     and       Perfumes    Watches   Selective
(EUR        Dior        and                 and         and                   activities     Total
millions)                         Leather                         Retailing   and
            Couture     Spirits             Cosmetics   Jewelry
                                  Goods                                       eliminations
                                                                             
                                                                                             
Period
from
January 1   284         926       2,374     899         630       1,823       (76)           6,860
to March
31, 2012
                                                                             
                                                                                             
Total       371         1,196     3,101     1,188       853       2,385       (101)          8,993
                                                                             
                                                                                             
(*)
Figures
rounded
to the
nearest
digit.

                             30 AVENUE MONTAIGNE
                                    PARIS
                                   F-75008

Contact:

Christian Dior
PHONE +33 (0)1 44 13 22 22
 
Press spacebar to pause and continue. Press esc to stop.