The Christian Dior Group achieved revenue of €7.8 billion in the first half of 2007, recording organic growth of 12%. This performance reflects the continued momentum of all business groups throughout the world.
Profit from recurring operations rose to €1,460 million, an increase of 13 % over first half 2006 already strong performance. This growth was achieved despite a difficult currency environment. Group share of net profit increased to €353 million, up 6 % in the first half of 2007.
LVMH recorded revenue of €7,412 million, reflecting organic growth of 12 %. Profit from recurring operations increased by 11% at current exchange rates and by 16% at constant exchange rates to €1,440 million. LVMH recorded a further increase in its current operating margin to more than 19%.
LVMH Group share of net profit was €834 million. Highlights of the first half of 2007 include market share gains of all LVMH leading brands, the double-digit organic revenue growth at Louis Vuitton, a notable progress in Perfumes & Cosmetics and at Sephora, and a strong increase in the current operating margin in Watches & Jewelry.
Following the excellent momentum of the first quarter of 2007, Christian Dior Couture recorded revenue of €368 million and organic growth of 16 % (+12 % at current exchange rates) in the first half of the year. This performance led to a strong increase in operating profit, which amounted to €28 million versus €8 million in the first half of 2006.
In a favorable economic background for all of its businesses, the Christian Dior Group will continue to grow thanks to its geographic expansion and numerous product launches planned before year-end. These factors allow the Group to confirm its objective of a significant increase in its 2007 results.
An interim dividend payment of €0.44 per share will be paid on December 3, 2007.
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