Christian Dior (CDI) Q1 2025 earnings summary

Executive summary

• Revenue reached €20.3 billion in Q1 2025, showing resilience amid geopolitical and economic disruptions.

• Europe achieved growth on a constant scope and currency basis; US saw a slight decline, Japan was down year-over-year, and the rest of Asia was stable.

• Continued focus on innovation, investment, and selective distribution to strengthen global leadership in luxury goods.

Financial highlights

• Total revenue declined 2% reported and 3% organic compared to Q1 2024.

• Wines & Spirits revenue fell 8% reported and 9% organic; Fashion & Leather Goods down 4% reported and 5% organic.

• Perfumes & Cosmetics and Selective Retailing were stable; Watches & Jewelry up 1% reported, flat organic.

• Exchange rate fluctuations had a +1% impact; no scope changes.

Outlook and guidance

• Management remains vigilant but confident, focusing on brand development, innovation, and investment.

• Emphasis on leveraging team talent, business diversity, and geographic revenue balance for 2025.