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Dior 2016 First Quarter Earnings Release

2015/10/20 13:42:00 35

DiorEarningsOrganic Income

According to the latest report released in the first quarter of 2016 in Paris, Dior (Christian Dior), Dior (Christian Dior) brand

Growth slowdown

The fixed exchange rate organic income growth slowed from 9% in the second half of fiscal 2015 to 5%, while the organic income growth in retail business fell from 11% to 7%.

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retail

In terms of sales, the real exchange rate and the constant exchange rate increased by 15% and 7% respectively, slowing down compared with the three and fourth quarter growth rates in the previous fiscal year.

The real exchange rate increased by 25% in the last three years and 11% in the fourth quarter.

The net income growth of the 195 retail outlets in the global retail business also dropped from 25% in the second half to 15% in the second half.

At present, Dior (Christian Dior) announces sales performance every 3 months, announces profit every half year.

According to the data,

Dior

(Christian Dior) net income rose by 12.9% to 471 million euros in the first quarter, but it rose sharply compared with 22.3% in the second half of the year.

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Based on the third quarter results of the Chinese and US market setbacks, German fashion brand Hugo Bos (Hugo Boss AG) lowered its 2015 sales forecast and earnings forecast.

In the third quarter of 2015, sales fell by 1%, excluding the impact of exchange rate fluctuations. In the euro area, revenue rose by 4% to 744 million euros (about 5 billion 370 million yuan).

Although European businesses remain strong, the group's self operated retail business is growing rather unevenly.

"The high volatility of Hugo Boss sales growth in the third quarter is quite noticeable."

The company said the group announced a cut in 2015 sales and earnings expectations, the expected 5% to 7% increase, down to 3% to 5% growth.

Sales in the third quarter of the Chinese market slipped and luxury brands struggled before the demand for the market weakened.

The company also said sales in the US market were "negative development" due to reduced consumption expenditure.


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