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Christian Dior: Q1 sales down 15%

( - Christian Dior has announced Q1 2020 sales of 10.
6 billion euros, down 15%. Q1 sales were down 17% like-for-like y-o-y. 

The luxury group, the parent company of LVMH, says that it has a strong capacity to resist in an economic environment disrupted by a serious health crisis, resulting in the closure of boutiques and production sites as well as halts to international travel.

Its Board of Directors has decided to propose a lower dividend, compared to the amount announced on 28 January, at its AGM of 30 June. Thus, the dividend balance payable will be 2.60 euros per share, to be paid on 9 July.

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