Christian Dior (CDI) Q3 2024 earnings summary

Executive summary

• Revenue for the first nine months of 2024 was €60.8 billion, stable on a constant consolidation scope and currency basis, despite a high comparison base and challenging context.

• Europe and the US posted slight growth; Japan achieved double-digit growth; Chinese customer spending was strong in Europe and Japan.

• Third quarter saw a slight revenue decline, mainly due to lower growth in Japan from a stronger yen.

Financial highlights

• Total revenue for the first nine months of 2024 was €60.8 billion, down 2% reported and flat organically year-over-year.

• Exchange rate fluctuations had a -2% impact; scope changes had a -1% impact.

• No significant changes to the Group's financial structure during the quarter.

Outlook and guidance

• Maintains confidence and will focus on enhancing brand desirability, product quality, and distribution excellence.

• Strategy remains agile to reinforce global leadership in luxury goods amid economic and geopolitical uncertainty.

• Forward-looking statements are subject to risks and uncertainties; actual results may differ materially.