Christian Dior: Stable Revenue Amid Economic Challenges

Christian Dior reported revenue of €60.8 billion for the first nine months of 2024, maintaining stability on a constant consolidation scope and currency basis. This performance comes despite a challenging global context and previous years' high growth rates post-Covid. Europe and the U.S. showed slight growth, while Japan continued its double-digit rise, boosted by increased Chinese spending.

The Wines & Spirits division saw an organic decline of 8%, with Hennessy cognac's performance hindered by weak demand in China. The Fashion & Leather Goods segment demonstrated resilience, bolstered by high visibility during the Paris 2024 Olympics. Perfumes & Cosmetics grew by 5%, driven by innovation. Watches & Jewelry experienced a slight organic decline, while Selective Retailing grew 6%.

Christian Dior remains focused on enhancing brand desirability, product quality, and distribution excellence to bolster its position in the luxury sector.