Dior reports 58 percent jump in FY15 net profit

For the fiscal year ended June 30, 2015, revenues at the Christian Dior group increased 14 percent to 35,081 million euros (39,841 million dollars), compared to 30,867 million euros (35,059 million dollars) last year. Profit from recurring operations increased 4 percent, while net profit witnessed a rise of 58 percent.

At the shareholders’ meeting of December 1, 2015, the payment of a gross cash dividend of 3.20 euros (3.63 dollars) per share will be proposed in respect of the fiscal year ended June 30, 2015. As an interim cash dividend of 1.25 euros (1.42 dollars) per share was distributed on April 23, 2015 and the final cash dividend will amount to 1.95 euros (2.21 dollars) and will be paid as of December 15, 2015.

Strong revenue rise in Q1

Revenue for the first quarter of fiscal year 2015/2016 of 9 billion euros (10.22 billion dollars), was up 16 percent compared to the period from July 1 to September 30, 2014. Organic revenue growth was 7 percent.

Quarterly revenue for Christian Dior Couture increased 13 percent at actual exchange rates and 5 percent at constant exchange rates compared with the period from July 1 to September 30, 2014. Retail sales revenue increased 15 percent at actual exchange rates and 7 percent at constant exchange rates. LVMH revenue reflected organic growth of 7 percent compared to the same period in 2014. The Group continues to deliver strong growth in Europe and the United States, and is seeing an acceleration in Japan.

The company said that in an uncertain economic and financial environment, the Christian Dior group will continue its strategy focused on innovation and targeted geographic expansion in the most promising markets.