Growth continues at the same pace
The
Revenue by business group:
Euro millions | 9 months 2020 | 9 months 2021 | Change 2021/2020 First 9 months Published Organic* | Change 2021/2019 First 9 months Organic | |
3 349 | 4 251 | + 27 % | + 30 % | + 10 % | |
Fashion & Leather Goods | 13 934 | 21 315 | + 53 % | + 57 % | + 38 % |
Perfumes & Cosmetics | 3 674 | 4 668 | + 27 % | + 30 % | - 2 % |
Watches & Jewelry | 2 266 | 6 160 | x 2.7 | + 49 % | + 4 % |
Selective Retailing | 7 176 | 7 795 | + 9 % | + 13 % | - 23 % |
Other activities and eliminations | (51) | (12) | - | - | - |
Total | 30 348 | 44 177 | + 46 % | + 40 % | + 11 % |
* with comparable structure and exchange rates. The structural impact for the Group compared to the first nine months of 2020 was +10%, largely linked to the consolidation for the first time of Tiffany & Co. The currency effect was -4%.
The Wines & Spirits business group recorded organic revenue growth of 30% in the first nine months of 2021 compared to the same period of 2020 and 10% compared to 2019. Champagne volumes were up 7% compared to the first nine months of 2019. Growth was particularly strong in
The Fashion & Leather Goods business group recorded organic revenue growth of 57% in the first nine months of 2021 compared to the same period of 2020 and 38% compared to 2019. Growth in the third quarter of 2021 remained exceptional compared to the third quarter of 2020, which marked a return to growth after a declining first half of 2020.
The Perfumes & Cosmetics business group recorded organic revenue growth of 30% over the first nine months of 2021 compared to the same period of 2020. On an organic basis, revenue was down 2% compared to the first nine months of 2019. In an environment marked by a limited recovery in international travel and the closure of many points of sale, the major brands continued to be selective in their distribution, limit promotions and grow online sales via their own websites.
The Watches & Jewelry business group recorded organic revenue growth of 49% in the first nine months of 2021 compared to the same period of 2020 and 4% compared to 2019 (excluding Tiffany, which was consolidated for the first time in 2021). Driven by the growing success of its iconic products, Tiffany enjoyed a remarkable performance, particularly in its major market,
In Selective Retailing, organic revenue was up 13% compared to the first nine months of 2020 and down 23% compared to the same period of 2019.
OUTLOOK
Within the context of a gradual exit from the health crisis, the
The Group is counting on the dynamic nature of its brands and the talent of its teams to further strengthen its global leadership position in luxury goods once again in 2021.
Apart from the items mentioned in this press release, there were no events or changes during the quarter and as of today's date that could significantly affect the Group's financial structure.
This financial release is available on our website www.dior-finance.com.
ANNEX
2021 Revenue (Euro millions) | |||||||
2021 | Fashion & Leather Goods | Perfumes & Cosmetics | Watches & Jewelry | Selective Retailing | Other activities and eliminations | Total | |
First quarter | 1 510 | 6 738 | 1 550 | 1 883 | 2 337 | (59) | 13 959 |
Second quarter | 1 195 | 7 125 | 1 475 | 2 140 | 2 748 | 23 | 14 706 |
First half | 2 705 | 13 863 | 3 025 | 4 023 | 5 085 | (36) | 28 665 |
Third quarter | 1 546 | 7 452 | 1 642 | 2 137 | 2 710 | 25 | 15 512 |
First nine months | 4 251 | 21 315 | 4 668 | 6 160 | 7 795 | (12) | 44 177 |
2021 Revenue (organic growth compared to the same period of 2020) | |||||||
2021 | Fashion & Leather Goods | Perfumes & Cosmetics | Watches & Jewelry | Selective Retailing | Other activities and eliminations | Total | |
First quarter | + 36 % | + 52 % | + 18 % | + 35 % | - 5 % | - | + 30 % |
Second quarter | + 55 % | x 2.2 | + 67 % | x 2.2 | + 31 % | - | + 84 % |
First half | + 44 % | + 81 % | + 37 % | + 71 % | + 12 % | - | + 53 % |
Third quarter | + 10 % | + 24 % | + 19 % | + 18 % | + 15 % | - | + 20 % |
First nine months | + 30 % | + 57 % | + 30 % | + 49 % | + 13 % | - | + 40 % |
2021 Revenue (organic growth compared to the same period of 2019) | |||||||
2021 | Fashion & Leather Goods | Perfumes & Cosmetics | Watches & Jewelry | Selective Retailing | Other activities and eliminations | Total | |
First quarter | + 17 % | + 37 % | - 4 % | + 1 % | - 30 % | - | + 8 % |
Second quarter | + 7 % | + 40 % | - 1 % | + 9 % | - 19 % | - | + 14 % |
First half | + 12 % | + 38 % | - 3 % | + 5 % | - 25 % | - | + 11 % |
Third quarter | + 7 % | + 38 % | 0 % | + 1 % | - 19 % | - | + 11 % |
First nine months | + 10 % | + 38 % | - 2 % | + 4 % | - 23 % | - | + 11 % |
2020 Revenue (Euro millions) | |||||||
2020 | Fashion & Leather Goods | Perfumes & Cosmetics | Watches & Jewelry | Selective Retailing | Other activities and eliminations | Total | |
First quarter | 1 175 | 4 643 | 1 382 | 792 | 2 626 | (22) | 10 596 |
Second quarter | 810 | 3 346 | 922 | 527 | 2 218 | (26) | 7 797 |
First half | 1 985 | 7 989 | 2 304 | 1 319 | 4 844 | (48) | 18 393 |
Third quarter | 1 364 | 5 945 | 1 370 | 947 | 2 332 | (3) | 11 955 |
First nine months | 3 349 | 13 934 | 3 674 | 2 266 | 7 176 | (51) | 30 348 |
2019 Revenue (Euro millions) | |||||||
2019 | Fashion & Leather Goods | Perfumes & Cosmetics | Watches & Jewelry | Selective Retailing | Other activities and eliminations | Total | |
First quarter | 1 349 | 5 111 | 1 687 | 1 046 | 3 510 | (165) | 12 538 |
Second quarter | 1 137 | 5 314 | 1 549 | 1 089 | 3 588 | (133) | 12 544 |
First half | 2 486 | 10 425 | 3 236 | 2 135 | 7 098 | (298) | 25 082 |
Third quarter | 1 433 | 5 448 | 1 676 | 1 126 | 3 457 | 176* | 13 316 |
First nine months | 3 919 | 15 873 | 4 912 | 3 261 | 10 555 | (122) | 38 398 |
* Includes all Belmond revenue for the period from April to
“This document may contain certain forward looking statements which are based on estimations and forecasts. By their nature, these forward looking statements are subject to important risks and uncertainties and factors beyond our control or ability to predict, in particular those described in Christian Dior’s Annual Report which is available on the website (www.dior-finance.com). These forward looking statements should not be considered as a guarantee of future performance, the actual results could differ materially from those expressed or implied by them. The forward looking statements only reflect Christian Dior’s views as of the date of this document, and
This document is a free translation into English of the original French financial release dated
It is not a binding document.
In the event of a conflict in interpretation, reference should be made to the French version, which is the authentic text.
Attachment
Christian Dior - 2021 Third Quarter Revenue
© OMX, source