1、 CHANEL LIMITED FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2022 London,25 May 2023 KEY FINANCIAL HIGHLIGHTS 2022 financial results driven by strong client demand across all product lines,reaffirming the desirability of Chanels creations Revenues of$17.2 billion,up 17%versus 2021 on a comparabl

2、e basis at constant currency Operating profit of$5,776 million,an increase of 5.8%compared to 2021 Positive net cash balance at the end of the year,reflecting Chanels strong performance and financial health Investment of$2,052 million in brand support activities,up 14.3%compared to 2021,including cl

3、ient events held throughout the year Capital expenditure at$668 million,representing 3.9%of sales Free cash flow of$3,534 million Leena Nair,Global Chief Executive Officer,commented:“The strong performance we are announcing today reflects the strength of our brand,our client relationships,and the fr

4、eedom of creation that defines everything we do.Since joining Chanel in January 2022 and engaging with our teams across the world,I have experienced the passion and creativity that is reflected in these results.With our expanding international footprint,we are determined to contribute positively to

5、the environment and our communities.Our sustainability ambition is focused on restoring nature and climate,investing in circularity,supporting those in our extended supply chain to thrive and the autonomy of women.This year we also significantly increased funding to Fondation CHANEL,one of the world

6、s largest philanthropic organisations solely focused on gender equality.Our fundamental belief is that when we focus on building our brands strength,engaging with our clients,taking care of our people and integrating a long-term perspective in everything we do,our financial performance will follow.A

7、s we look forward,our priorities are clear,focused on our belief in the transformative role of creation,our desire to have a positive impact in the world,and to always stay ahead of the curve.As Gabrielle Chanel said:“tre de ce qui va arriver”-“to be part of what happens next”.”P(pán)hilippe Blondiaux,Gl

8、obal Chief Financial Officer,commented:“Chanel has delivered another solid financial performance in 2022,with double-digit growth across all categories.The fact that this has been achieved despite broader macroeconomic challenges is testament to the creativity and agility of our teams around the wor

9、ld,and the strength and uniqueness of our brand.These results were underpinned by demand from our local clientele around the world and show our ongoing investment in client experience,our savoir faire and our people.Last year we grew our headcount by 12%to over 32,000 people worldwide.We also took s

10、teps to support our people through inflationary pressures and continued periods of uncertainty,with tailored training,commitment to pay equity and access to flexible working.In 2023,despite the market uncertainties,we remain confident in our ability to deliver sustainable and healthy growth,committe

11、d to our people,our clients and our brand.”KEY 2022 OPERATIONAL HIGHLIGHTS Chanel achieved another year of record high sales in 2022 with double-digit growth across all categories and sales ahead of 2019 in all markets.Despite ongoing Covid pandemic restrictions in certain geographies,retail teams h

12、ave continued to nurture local clientele while welcoming those returning to travel.Throughout the year Chanel supported staff,particularly through an exceptional mid-year salary increase,as well as implementing wellbeing initiatives and training programmes.Fashion creations and collections continue

13、to be well received with exceptional growth across all categories,particularly in Leather goods and Shoes.The Cruise collection was unveiled in Monaco,a destination dear to Gabrielle Chanel,and was then shown later in the year in Miami Beach.The Mtiers dArt fashion show was held in the Senegalese ca

14、pital of Dakar,a first for Chanel in Africa and the first-ever show held in Sub-Saharan Africa by any luxury fashion house,linking artistic and cultural bonds on the African continent through long-term partnership programmes.Fragrance&Beauty benefitted from the steady return of travel retail,as well

15、 as sustained demand from local clientele.The beginning of the year saw the launch of N1 DE CHANEL,a new generation of beauty products,driven by an eco-responsible approach with its use of eco-designed packaging and its formulas that contain up to 97%naturally derived ingredients.Other makeup produc

16、ts launched during the year included ROUGE ALLURE LEXTRAIT and LES 4 OMBRES TWEED which was inspired by Gabrielle Chanels tweed creations.Pop-ups and other immersive experiences were again prevalent in 2022,with a celebration of the heritage and craftsmanship behind the Houses iconic fragrances at t

17、he LE GRAND NUMRO DE CHANEL exhibition in Paris at the end of the year.Watches and Fine Jewellery continued to demonstrate sustained momentum.This was driven,in particular,by the strong performance of the COCO CRUSH collections and the successful relaunch of the PREMIRE watch,35 years after the Hous

18、e made a prominent debut in the world of luxury watchmaking.To mark 90 years since the creation of Gabrielle Chanels Bijoux de Diamants Collection,Patrice Legureau,Director of the CHANEL Jewellery Creation Studio,created the 77-piece 1932 High Jewellery Collection focused on the celestial theme of t

19、he original pieces.Chanel continued to invest significantly in capital expenditure in 2022.An important proportion of this investment related to Chanels current and future retail distribution network including the reopening of the expanded and renovated Watches and Fine Jewellery flagship boutique a

20、t 18 Place Vendme,Paris,as well as a new boutique at Ginza Namiki,Tokyo.Chanel has also continued to grow its Fragrance and Beauty standalone network to further enhance the personalisation of the customer experience.Investment in digital initiatives and information technology systems also remained a

21、 key area of focus in supporting the customer experience and business operations,and ecommerce capabilities continued to expand worldwide.Overall headcount increased by 12%to over 32,000,up from 28,500 in 2021.This was driven in particular by growth in areas such as digital,IT and sustainability rol

22、es.For over a century,Chanel has been committed to the arts.Building on its cultural commitments and extending Gabrielle Chanels legacy of supporting artists,Chanel Arts&Culture continued its mission throughout 2022:spotlighting women artists,advancing the new and the next,and activating its history

23、 to define the future through cultural partnerships via CHANEL Culture Fund,recognising new artists through the CHANEL Next Prize and amplifying voices through the CHANEL Connects podcast.Chanel increased its funding for Fondation CHANEL to$100m annually,supporting its mission to help women and girl

24、s to be free to shape their own destiny.KEY SUSTAINABILITY HIGHLIGHTS Chanel remains committed to its sustainability objectives both within the House,across the supply chain,and beyond by continuing to participate in collaborative initiatives.o Within the House,Chanel continues to invest significant

25、ly in new capabilities including:A 60%increase in the number of experts globally focused on sustainability in 2022.The launch of the Chanel Sustainability Academy,a multi-year,multi-million-dollar investment in training,including a six-month immersive programme of workshops and training for business

26、 leaders.o Chanel is accelerating its sustainable approach to materials and eco-design such as through the launch of N1 DE CHANEL,which used eco-designed packaging and naturally derived ingredients.This is supported by extensive research from Chanels Open-Sky laboratory in Gaujacq,France,which is ba

27、sed on the principles of agroecology and agroforestry,to preserve local biodiversity.Chanel continued to build its partnerships with stakeholders and industry peers including the University of Cambridge Institute for Sustainability Leadership(CISL),RE100,The Fashion Pact,the Centre Scientifique de M

28、onaco,and cole Normale Suprieure(ENS),to advance research and collectively influence systems change.In 2022,Chanel joined the Watch&Jewellery Initiative 2030,a collaborative initiative open to industry players focused on accelerating positive impact for people and the planet.Chanel made progress to

29、reduce its own carbon footprint and is on track to reach its target of a 50%reduction by 2030.o Scope 1 and 2 emissions combined decreased by 9%in comparison to 2021.o Scope 3 emissions increased 17%in comparison to 2021,as Chanel continues to refine its accuracy of measurement.Chanel is acceleratin

30、g its sustainability transformation plan,to reduce its value chain footprint,working closely with its suppliers.o Chanel is currently sourcing 97%of its electricity from renewable sources in 2022,versus 92%in 2021,and is on target to achieve 100%renewable electricity by 2025.MEDIA ENQUIRIES Teneo Jo

31、nathan Sibun/Jessica Reid+44(0)207 353 4200/ About Chanel Chanel is a private company and a world leader in creating,developing,manufacturing and distributing luxury products.Founded by Gabrielle Chanel at the beginning of the last century,Chanel offers a broad range of high-end creations,including

32、Ready-to-Wear,Leather Goods,Fashion Accessories,Eyewear,Fragrances,Makeup,Skincare,Jewellery and Watches.Chanel is also renowned for its Haute Couture collections,presented twice yearly in Paris,and for having acquired a large number of specialised suppliers,collectively known as the Mtiers dArt.Cha

33、nel is dedicated to ultimate luxury and to the highest level of craftsmanship.It is a brand whose core values remain historically grounded on exceptional creation.As such,Chanel promotes culture,art,creativity and“savoir-faire”throughout the world,and invests significantly in people,R&D,sustainable development and innovation.At the end of 2022,Chanel employed over 32,000 people worldwide.