Dior to use launches and expansion to achieve targeted increases

Published: 4-Aug-2008

The Christian Dior fragrances and couture holding group, which comprises both LVMH and Christian Dior Couture, has reported a 1.7% dip in first half 2008 group net profits to €352m on sales up 4.9% at €8.1bn. Operating profits also improved in the reporting period from €1.4bn to €1.5bn. LVMH sales in the first half of €7.8bn accounted for the lion's share of total revenue and the company noted "notable progress" in perfumes and cosmetics sales as well as growth for its Sephora subsidiary.


The Christian Dior fragrances and couture holding group, which comprises both LVMH and Christian Dior Couture, has reported a 1.7% dip in first half 2008 group net profits to €352m on sales up 4.9% at €8.1bn. Operating profits also improved in the reporting period from €1.4bn to €1.5bn. LVMH sales in the first half of €7.8bn accounted for the lion's share of total revenue and the company noted "notable progress" in perfumes and cosmetics sales as well as growth for its Sephora subsidiary.

The Dior group said that it would continue to grow in an uncertain economic and monetary environment, with a number of product launches scheduled before the end of the year. Geographical expansion will also assist the group to achieve its target of a marked increase in 2008 results.

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