Christian Dior: Q1 revenue up 16%
(CercleFinance.com) - Christian Dior, the parent company of the luxury giant LVMH, has reported Q1 2019 revenue of 12.
5 billion euros, up 16%, with organic growth of 11%, hence continuing the trends seen in 2018.
"The Group will rely on the talent and motivation of its teams, the diversification of its businesses and the geographical balance of its revenue to reinforce, once again in 2019, its global leadership position in luxury goods.” it underlined.
The group adds that, with the exception of the approval of LVMH's previously announced acquisition of Belmond at the Belmond Ltd. General Meeting, no events or changes have occurred, during the quarter and to date, which could significantly modify the Group's financial structure.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
5 billion euros, up 16%, with organic growth of 11%, hence continuing the trends seen in 2018.
"The Group will rely on the talent and motivation of its teams, the diversification of its businesses and the geographical balance of its revenue to reinforce, once again in 2019, its global leadership position in luxury goods.” it underlined.
The group adds that, with the exception of the approval of LVMH's previously announced acquisition of Belmond at the Belmond Ltd. General Meeting, no events or changes have occurred, during the quarter and to date, which could significantly modify the Group's financial structure.
Copyright (c) 2019 CercleFinance.com. All rights reserved.