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Financial profile · FY2025

A diversified luxury group with resilient cash generation and cyclical margin pressure

Christian Dior’s consolidated model combines a diversified luxury portfolio, high operating margins, and substantial internally generated cash. Long-term growth has been supported by brand investment and scale, while earnings remain sensitive to currency movements, tourism patterns, and discretionary demand.

What is developing

The latest comparable results show a development rather than a new model: 2025 revenue and operating income contracted from 2024, while operating cash flow was broadly stable and free cash flow rose as capital spending eased. The group therefore remained cash-generative, but with lower operating profitability than the recent peak.

What matters next

Whether reported revenue returns to growth while operating margins stabilize near 2025 levels.

EUR
Metric FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
21.4B 43.7B 46.8B 53.7B 44.7B 64.2B 79.2B 86.2B 84.7B
(7.4B) (15.1B) (15.6B) (18.1B) (15.9B) (20.4B) (25B) (26.9B) (27.9B) (27.3B)
14B 28.6B 31.2B 35.5B 28.8B 43.9B 54.2B 59.3B 56.8B 53.5B
(9.8B) (20.2B) (21.2B) (24.2B) (20.5B) (26.8B) (33.2B) (36.5B) (37.2B) (35.9B)
(9.8B) (20.2B) (21.2B) (24.1B) (20.4B) (26.7B) (33.2B) (36.5B) (37.2B) (35.9B)
(2m) (4m) 5m (103m) (35m) (18m) (4m) (14m) 36m (11m)
4.2B 8.3B 10B 11.4B 8.3B 17.1B 21B 22.8B 19.6B
(72m) (48m) (367m) (526m) (619m) 117m (820m) (876m) (726m) (271m)
96m 185m 171m 452m 369m 242m 383m 974m 1.2B 1.2B
(91m) (180m) (131m) (128m) (298m) 21m (50m) (228m) (700m) (645m)
(20m) (35m) (25m) (23m) (34m) (52m) (44m) (43m) (46m) (49m)
4.1B 8.1B 9.5B 10.7B 7.4B 17.2B 20.1B 21.6B 18.1B 16.7B
(1.2B) (2.3B) (2.5B) (2.9B) (2.4B) (4.5B) (5.4B) (5.7B) (5.2B) (5.5B)
2.9B 5.8B 6.9B 7.8B 5B 12.7B 14.7B 15.9B 12.9B 11.2B
(1.8B) (3.6B) (4.4B) (4.9B) (3B) (7.7B) (8.9B) (9.6B) (7.7B) (6.6B)
1.1B 2.3B 2.6B 2.9B 1.9B 4.9B 5.8B 6.3B 5.2B
6.24 12.55 14.30 16.23 10.67 27.42 32.13 34.94 28.87