Dior Finance reports 14 percent turnover increase in fiscal Q1
Christian Dior Finance (owner of Christian Dior Couture) reports a 14% turnover increase for the first fiscal quarter of 2014 (July 1 to September 30, 2013), reaching a total of 369 million euros. Dior Finance recorded revenue of 7.4 billion euros for the period from July 1 to September 30, 2013, an increase of 2% compared to the period from July 1 to September 30, 2012. Organic revenue growth came to 9%.
Dior Finance owns 40 percent of LVMH which posted revenue of 7,020 million euros, reflecting growth of 2% at actual exchange rates and 8% at constant structure and exchange rates.The Wines & Spirits and Watches & Jewelry business divisions both accelerated their respective growth rates when compared to the first six months of 2013. The performance of the other business groups was comparable to the start of the year. Europe has maintained a good level of resilience and the United States and Asia continue to record strong growth.