French luxury fashion multinational Christian Dior Group reported revenue of €41.7 billion (approximately $45.21 billion) in the first half of fiscal year 2024 (H1 FY24), achieving organic growth of 2 percent during the period.
French group Christian Dior reported revenues of €41.7 billion in the first half of 2024, an organic growth of 2%. Europe and the United States showed steady growth. Profit from recurring operations was €10.6 billion, with an operating margin of 25.6%. Net profit was €3 billion. The fashion and leather goods segment grew by 1%, but profits decreased by 6%.
The company's performance varied across regions. Europe and the U.S. showed growth on a constant currency and consolidation scope basis. Japan stood out with notable double-digit revenue growth, while the rest of Asia saw significant increases in spending from Chinese customers in both Europe and Japan. In the second quarter, organic revenue growth stood at 1 percent.
The Group's recurring operating profit in the first half of 2024 reached €10.6 billion, resulting in an impressive operating margin of 25.6 percent. This margin is well above pre-COVID-19 levels. The Group's share of net profit amounted to €3 billion, Christian Dior said in a press release.
The fashion and leather goods business, a key segment for Christian Dior, recorded organic revenue growth of 1 percent to €20.77 billion in the first half of fiscal year 2024. However, profit from recurring operations in this segment was down 6 percent.
Fibre2Fashion (DP) Press Desk
