France : Notable progress in Perfumes & Cosmetics at Christian Dior - Fashion News France
In the first half of 2008 Bally Handbags watche. the Christian Dior Group achieved revenues of 8.2 billion euros Ulysse Nardin Watches Replica. recording organic growth of 11%. This performance reflects the continued momentum of all business groups.
Profit from recurring operations rose to 1 watch Replica.542 million euros Replica Watches Fake watche. an increase of 6 %. This performance was achieved in an unfavourable economic and currency environment and compares with a strong first half result in 2007.
LVMH revenue rose to 7.8 billion euros in the first half of 2008 Audemars Piguet Watches Replica watch. reflecting organic growth of 12%. Profit from recurring operations increased to 1(Fake Corum Watches watche).541 million euros Oris Watches Replica watches. up 7% at current exchange rates and up 19% at constant exchange rates.
LVMH has again recorded an increase in its current operating margin(Ulysse Nardin Watches Handbags watche). which now stands at 20% of sales. LVMH group share of net profit was 891 million euros.
Highlights of the first half of 2008 were:
- A good balance between growth in historical and emerging markets(Marc jacobs Handbags).
- Market share gains with all the brands Replica watches. achieving strong momentum notably with double-digit organic revenue growth at Louis Vuitton Fake watches. whose operating margin continues to be at an exceptional level Replica watches.
- Strong growth in Wines & Spirits in the second quarter Fake watches.
- Notable progress in Perfumes & Cosmetics and at Sephora Tudor Watches Replica watches.
- Major improvement in the profitability of Perfumes & Cosmetics and Watches & Jewelry.
Christian Dior Couture revenue for the first half were 366 million euros(Chanel Watches Handbags). an increase of 5% at constant exchange rates. The growth in sales has remained strong in emerging markets (Middle East(Franck Muller Watches Handbags watche). China and Russia) as well as in Europe.
This growth(Rado Watches watch Replica). which compares with a 16% revenue increase (at constant exchange rates) in the first half of 2007 Replica watches IWC Watches Handbags. attests to the strength of the Brand in an uncertain economic environment.
Operating profit Replica watches. which rose to 7 million euros(Christian Dior Replica). includes the charges incurred in the first half as a result of the reorganisation of the supply chain and the costs of network renovation.
In an uncertain economic and monetary environment Vacheron Constantin Watches watch Replica. the Christian Dior Group will continue to grow thanks to both the numerous product launches planned before the end of the year and to its geographic expansion.
These factors allow the Group to confirm its objective of a tangible increase in its 2008 results. An interim dividend payment of 0.44 euro per share will be paid on December 2 Replica watches. 2008.
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On October 17. 2008 Sotheby’s New York will hold a sale of Important Watches Including Property from the Time Museum comprising over 200 lots estimated to bring $4.5/6.2 million. The sale will feature a group of important Rolex and modern Breguet watches as well as an offering of Patek Philippe watches and nine pieces from the renowned Time Museum collection. The sale will be on exhibition at Sotheby’s New York galleries beginning Sunday. October 12.