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Despite a global climate of economic, currency and geopolitical uncertainties, the luxury fashion group has recorded net profit up 20% for 2015.
In the period from January 1 to December 31, 2015 Christian Dior recorded revenue of €37.5 billion, up 16% at actual exchange rates and 6% at constant structure and exchange rates. Profit from recurring operations was €6.8 billion, up 16%.
The Group share of net profit was €1,537 million for the period. Excluding the impact of the exceptional distributions in kind of Hermès shares in December 2014, the Group share of net profit was up 20% compared to the same period in 2014.
Results showed strong momentum in Europe, the U.S and Japan, while other Asian countries experienced mixed trends.
The fashion and leather goods segment represent the Group’s most important source of revenues, with total revenue of over €12.36 million for the full year, up from €10.82 million in 2014.
As reported by ILM, LVMH, the luxury conglomerate owner of Christian Dior, recorded revenue of €35.7 billion in 2015, up 16% at actual exchange rates and 6% at constant structure and exchange rates with respect to 2014. Profit from recurring operations was over €6.6 million, an increase of 16%, to which all business groups contributed. LVMH’s fashion and leather goods division recorded strong organic revenue growth of 4% for the fiscal 2015, +14% on a reported basis. Read more here.
In 2016, the Group is to maintain a strategy focused on developing its brands by continuing to build on strong innovation, a constant quest for product quality and distribution.
“Driven by the agility of its teams, their entrepreneurial spirit and the balance of its different businesses and geographic diversity, the Christian Dior group enters 2016 with confidence and has, once again, set an objective of increasing its global leadership position in luxury goods”, the Group said in a statement.