PARIS — Christian Dior has capped its fiscal year with a flourish.
The French luxury brand said on Wednesday that profits from recurring operations jumped 34 percent in its fiscal second half to 106 million euros, or $118.4 million, while revenues in the six months to June 30 climbed 22 percent to 911 million euros, or $1.02 billion, a 9 percent improvement at constant exchange rates.
During the period, sales in Dior’s retail network posted a gain of 25 percent at actual exchange rates and 11 percent in organic terms.
Coming against a high comparison basis for the same period last year, the “excellent performance” reflected continued high demand for the creations of Raf Simons, Dior’s artistic director of women’s haute couture, ready-to-wear and accessory collections since 2012, the company said.
Rtw registered double-digit sales growth during the semester, while leather goods also posted a healthy performance, boosted by the success of the Diorama, backed by an advertising campaign fronted by Rihanna. The house’s other handbag pillar lines — Lady Dior, Diorissimo and Be Dior — also grew.
In the fiscal fourth quarter, ended June 30, sales at Dior advanced 23 percent to 478 million euros, or $528.7 million. This represented a slight acceleration of growth versus the prior quarter, both in reported and organic terms.
Notable events during the quarter included the opening of the brand’s largest flagship in Asia in Seoul, together with the opening of the “Esprit Dior” exhibition at the city’s Dongdaemun Design Plaza. There were additional openings in Frankfurt, Düsseldorf and Vancouver.
In the second half of the year, Dior plans to add stores in San Francisco, Houston and Washington, D.C.
For the full 2014-15 fiscal year, Dior sales reached 1.76 billion euros, or $2.12 billion, a gain of 18 percent at actual exchange rates and 10 percent stripping out the impact of currency fluctuations. Full-year profits from recurring operations climbed 21 percent to 226 million euros, or $272 million.
Dollar figures are converted at average exchange for the periods to which they refer.
French companies report sales quarterly and profits every six months. Results for the Dior fashion house, known as Christian Dior Couture, were released Wednesday after the market closed as part of a financial release from Christian Dior SA, parent of luxury giant LVMH Moët Hennessy Louis Vuitton.