1、 CHANEL LIMITED FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024 London,20 May 2025 KEY 2024 FINANCIAL HIGHLIGHTS:RECORD YEAR OF INVESTMENT Revenues of$18.7 billion,down 4.3%compared to 20231 Operating profit of$4,479 million,a decrease of 30%compared to 2023 Positive net cash balance at the en
2、d of the year,confirming Chanels financial strength Record capital expenditure at$1,755 million,a 43%increase compared to 2023 Investment of$2,445 million in 2024 to support brand activities including client events Free cash flow of$1,842 million,combined with a strong balance sheet Leena Nair,Globa
3、l Chief Executive Officer,commented:“Following a period of exponential growth,in 2024 we saw challenging macroeconomic conditions which had an impact on sales in some markets.As a 100-year brand,we expect ebbs and flows.Our philosophy has always been to act with a long-term view,propelled by the sin
4、gularity of the CHANEL brand.Last year,we invested record high levels in our boutique expansion,client experience,and creative ecosystem and savoir-faire.2024 was another year of exceptional creation across the House,from the spellbinding Mtiers dart show at Hangzhous West Lake our most viewed show
5、ever to our first Maison de Beaut in Passy,Paris and new dedicated Watches and Fine Jewellery flagship boutiques in New York and Taipei.In 2025,we begin a new chapter for the House of CHANEL,as we welcome Matthieu Blazy,our new Artistic Director of Fashion Activities.Luxury is one of the most vibran
6、t and dynamic sectors in the world.Chanel remains focused on being a beacon of inspiration for the next century and beyond,investing boldly,inspiring with our creations,protecting our differentiation,and having a positive impact in the world.”Philippe Blondiaux,Global Chief Financial Officer,comment