DIOR SALES INCREASE 38%
PARIS — Sales from Christian Dior Couture jumped 38 percent to $181.9 million during the first nine months of 2000, up from $130.9 million a year ago, the company reported on Monday. Dollar figures are converted from the euro at current exchange.
The increase, which Dior said was fueled by growth in all segments and geographic zones, largely reflects sales reported last week by LVMH Moet Hennessy Louis Vuitton.
Dior did not provide separate figures for the quarter. However, the difference between the published sales for the six and nine months was $54.9 million, 34.2 percent higher than last year’s $40.9 million mark. First-half sales were $127 million, up 42 percent from the $90 million in revenues recorded during the first half of 1999.
In keeping with the practice of most French firms, earnings for the period were not disclosed. The next report on profits should follow the close of Dior’s fiscal year, which conforms to that of the calendar.
As reported, LVMH sales increased 35 percent in the third quarter to $2.49 billion, up from $1.85 billion a year ago.
Dior Couture is one of the series of holding companies through which Bernard Arnault controls LVMH.
At the conclusion of the first six months of the year, the company said it expected to meet its yearend goal of operating profits of 20 percent of sales.