Christian Dior (CDI) Q4 2024 earnings summary

Executive summary

• Achieved €84.7 billion in 2024 revenue, up 1% organically despite challenging macroeconomic and geopolitical conditions.

• Profit from recurring operations reached €19.6 billion, with a 23.1% operating margin, exceeding pre-Covid levels.

• Net profit was €12.9 billion; Group share of net profit was €5.2 billion.

• Free cash flow rose 29% to €10.5 billion; equity increased 11% to €66.9 billion.

• Fourth quarter saw acceleration, driven by Asia, the US, and Europe.

Financial highlights

• Revenue declined 2% reported but grew 1% organically year-over-year.

• Profit from recurring operations fell 14% to €19.6 billion; net profit, Group share, down 17% to €5.2 billion.

• Operating free cash flow increased 29% to €10.5 billion.

• Net financial debt decreased 14% to €9.1 billion.

• Dividend proposed at €13 per share for 2024.

Outlook and guidance

• Confident for 2025, aiming to reinforce global leadership in luxury goods through innovation, investment, and selective distribution.

• Cautions on risks and uncertainties due to macroeconomic and geopolitical environment.