Christian Dior shows good resilience in the first quarter of 2020

Paris, April 16^th, 2020

CHRISTIAN DIOR shows good resilience in the first quarter of 2020

The Christian Dior group recorded revenue of 10.6 billion Euros for the first quarter of 2020, down 15% compared to the same period in 2019 and down 17% on an organic* basis. The Group has proven its ability to be resilient in an economic environment disrupted by a serious health crisis that has led to the closure of stores and manufacturing sites in most countries in recent weeks, as well as the suspension of international travel. Christian Dior's priority is to ensure the safety of its employees and customers. The Group’s teams have demonstrated their strong commitment and agility in facing this unprecedented situation, and efforts to adapt to the current environment are actively underway in order to control costs and ensure a more selective investment policy.
The Group has also organized the business to support the collective efforts being undertaken to combat Covid-19. Numerous solidarity initiatives have been rolled out by the Group’s Maisons around the world to support health authorities and medical staff.

Revenue by business group:

In million euros	Q1 2020	Q1 2019	% Change Q1 2020 /Q1 2019
			Reported	Organic*
Wines & Spirits	1 175	1 349	- 13 %	- 14 %
Fashion & Leather Goods	4 643	5 111	-  9 %	- 10 %
Perfumes & Cosmetics	1 382	1 687	- 18 %	- 19 %
Watches & Jewelry	792	1 046	- 24 %	- 26 %
Selective Retailing	2 626	3 510	- 25 %	- 26 %
Other activities and eliminations	(22)	(165)	-	-
Total	10 596	12 538	- 15 %	- 17 %

* with comparable structure and exchange rates. The currency effect for the Group was +1 % and the structural impact was +1%.