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

The Watches & Jewelry business group was down slightly (-2% organic) in the first quarter of 2024. In jewelry, Tiffany & Co. continued the global rollout of its new store concept inspired by The Landmark in New York, where it launched its first exhibition, Culture of Creativity, celebrating the Maison’s long-standing commitment to artistic excellence. A comprehensive communication campaign, showcasing its icons, has just been launched worldwide and has met with great success. Bulgari continued to showcase the iconic Serpenti and relaunch its B.zero1 collection. The Maison announced the launch of Fondazione Bulgari, a foundation dedicated to preserving cultural and craft heritage, and to passing on skills in Italy. Chaumet unveiled the medals for the Paris 2024 Olympic and Paralympic Games, created by the Maison’s design studio, and Fred launched its new “Sunshine Jeweler” communication campaign. Creative momentum remained strong in watchmaking, with a wide range of innovations by TAG Heuer, Hublot and Zenith presented in Miami at the fifth LVMH Watch Week.

In Selective Retailing, organic revenue growth was 11% in the first quarter of 2024. Sephora once again achieved remarkable growth, continuing to gain market share. Growth remained particularly strong in North America, Europe and the Middle East. The store network continued to expand, particularly in North America. DFS remained below its 2019 pre-Covid level of business activity, with international travel only partially recovering in Europe and at flagship destinations Hong Kong and Macao.

In an uncertain geopolitical and economic environment, the Christian Dior group remains both vigilant and confident at the start of the year. The Group will continue to pursue its strategy focused on the development of its brands, driven by a sustained policy of innovation and investment as well as by a constant quest for quality in its products, their desirability and their distribution.

The Group will rely on the talent and motivation of its teams, the diversity of its businesses and the good geographical balance of its revenue to further strengthen its global leadership position in luxury goods in 2024.

This financial release is available on our website www.dior-finance.com.

“This document may contain certain forward looking statements which are based on estimations and forecasts. By their nature, these forward looking statements are subject to important risks and uncertainties and factors beyond our control or ability to predict, in particular those described in Christian Dior’s Annual Report which is available on the website (www.dior-finance.com). These forward looking statements should not be considered as a guarantee of future performance, the actual results could differ materially from those expressed or implied by them. The forward looking statements only reflect Christian Dior’s views as of the date of this document, and Christian Dior does not undertake to revise or update these forward looking statements. The forward looking statements should be used with caution and circumspection and in no event can Christian Dior and its management be held responsible for any investment or other decision based upon such statements. The information in this document does not constitute an offer to sell or an invitation to buy shares in Christian Dior or an invitation or inducement to engage in any other investment activities.”