Christian Dior achieves 3% organic revenue growth in the first quarter

Christian Dior achieves 3% organic revenue growth
in the first quarter

Paris, April 16^th, 2024

The Christian Dior group recorded revenue of €20.7 billion in the first quarter of 2024. Organic revenue growth came to 3%. Christian Dior had a good start to the year despite a geopolitical and economic environment that remains uncertain.
Europe and the United States achieved growth on a constant currency and consolidation scope basis over the quarter; Japan recorded double-digit revenue growth; the rest of Asia reflected the strong growth in spending by Chinese customers in Europe and Japan.

Revenue by business group changed as follows:

In millions of euros	Q1 2024	Q1 2023	Change Q1 2024/2023 Reported Organic*
Wines & Spirits	1 417	1 694	-16%	-12%
Fashion & Leather Goods	10 490	10 728	-2%	+2%
Perfumes & Cosmetics	2 182	2 115	+3%	+7%
Watches & Jewelry	2 466	2 589	-5%	-2%
Selective Retailing	4 175	3 961	+5%	+11%
Other activities and eliminations	(36)	(52)	-	-
Total	20 694	21 035	-2%	+3%

* On a constant consolidation scope and currency basis. For the Group, the structural impact was ‑1%;
the currency effect was -4%.

The Wines & Spirits business group saw a revenue decline (-12% organic) in the first quarter of 2024. Champagne was down, reflecting the normalization of post-Covid demand. Moreover, the beginning of the year was compared to strong growth in the first quarter of 2023, due in particular to restocking among distributors. Hennessy cognac was once again hampered by a cautious attitude among retailers, which limited their orders in an environment that remained uncertain in the United States. Among Provence rosé wines, the prestigious Minuty estate was included in the first-quarter accounts for the first time.