SELECTIVE RETAILING EXCELLENT PERFORMANCE BY SEPHORA; DFS GROWTH SUPPORTED BY THE RECOVERY IN INTERNATIONAL TRAVEL
Sephora
Revenue €8,355m +26% vs H1 2022(1)
Profit from recurring operations €734m +100% vs H1 2022
Operating margin 8.8%
(1) With comparable structure and constant exchange rates.
Sephora
In Selective Retailing, organic revenue growth was 26% in the first half of 2023. Profit from recurring operations was up 100%.
Sephora performed exceptionally well and continued to gain market share thanks to its distinct and innovative product and service offering. Momentum was particularly strong in North America, Europe and the Middle East. Its distribution network continued to expand, particularly in the United Kingdom where its first store opening proved a huge success. DFS benefited from the gradual recovery in international travel and, in particular, from the return of tourists to the flagship destinations of Hong Kong and Macau. In France, the strong performance of La Samaritaine in Paris confirmed its appeal as a destination, within the context of an increasing number of Asian tourists. Le Bon Marché, which is growing strongly, continued to develop innovative concepts and benefit from a loyal French customer base as well as a return of international travelers.