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1、1 CHANEL LIMITED FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023 London,21 May 2024 KEY FINANCIAL HIGHLIGHTS 2023 financial results driven by strong growth across all product lines,demonstrating the desirability of CHANELs creations Revenues of$19.7 billion,up 16%versus 2022 on a comparable ba

2、sis at constant currency Operating profit of$6,407 million,an increase of 10.9%compared to 2022 Positive net cash balance at the end of the year,reflecting Chanels strong performance and financial health Investment of$2,463 million in brand support activities including client events,up 20%compared t

3、o 2022 Capital expenditure at$1,227 million,representing 6.2%of sales Free cash flow of$3,755 million Leena Nair,Global Chief Executive Officer,commented:“The strong results we are announcing today reflect Chanels relentless focus on exceptional creations that inspire.They underline sustained invest

4、ment in building the desirability of our brand,creating the ultimate luxury experience for our clients and supporting our people to grow and develop.Our belief in the transformative role of creation,our desire to shape whats next and our long-term perspective guide our approach.In 2023,we increased

5、headcount globally by 14%to more than 36,500 people,expanded our retail distribution network to over 600 boutiques worldwide,and invested significantly in R&D and in technology.We also launched our Open Innovation Function to partner with start-ups,thought leaders and academic institutions.Chanel co

6、ntinues to contribute positively to the environment and the communities in which we operate.Our House Sustainability Ambition outlines our focus on restoring nature and climate,investing in circularity,supporting those in our supply chain and promoting the autonomy of women.We are proud of our new N