Christian Dior : Improvement in trends in the third quarter of 2025

Core Insights - The Christian Dior Group reported revenue of €58.1 billion for the first nine months of 2025, showing resilience and innovative momentum despite geopolitical and economic disruptions [1][11] - The Group experienced 1% organic growth in the third quarter, with improvements across all business groups and regions, except for Europe where tourist spending declined due to currency fluctuations [2][4] Revenue Performance - Revenue by business group for the first nine months of 2025 compared to 2024: - Wines & Spirits: €3,917 million, down 7% reported, down 4% organic - Fashion & Leather Goods: €27,611 million, down 8% reported, down 6% organic - Perfumes & Cosmetics: €6,040 million, down 2% reported, stable organic - Watches & Jewelry: €7,409 million, down 2% reported, up 1% organic - Selective Retailing: €12,613 million, stable reported, up 3% organic [3][14] Business Group Highlights - Wines & Spirits: Slight organic growth in Q3, with improved performance in champagne and wines, but overall revenue declined in the first nine months due to trade tensions affecting key markets [5] - Fashion & Leather Goods: Revenue declined in the first nine months, but showed improvement in Q3, driven by local customer resilience and successful product launches [6] - Perfumes & Cosmetics: Stable revenue with successful product launches, including Miss Dior Essence and Dior Homme Parfum, maintaining a robust innovation policy [8] - Watches & Jewelry: Organic growth in the first nine months, with strong performances from Tiffany & Co. and Bvlgari, showcasing expert craftsmanship [9] - Selective Retailing: Revenue growth driven by Sephora's sustained performance and market share gains, alongside improved trends in DFS [10] Outlook - The Christian Dior Group remains confident in its strategy to enhance brand desirability and reinforce its global leadership position in luxury goods amid an uncertain economic environment [11]