Consolidated sales of Italian company Moncler climb 48% in the first half of FY22

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The consolidated turnover of the Italian fashion company Moncler was recorded at 918.4 million euros in the first half of the financial year 2022, an increase of 48% compared to 621.8 million euros in the first half of the 2021 financial year. EBIT was posted at 180.2 million euros with a margin on sales of 19.6% compared to 92.82 million euros with a margin of 14.9 % in 2021.

In the first half of the year, the Direct-To-Consumer distribution channel recorded revenues of EUR 555.9 million with cFX growing 31% compared to the first half of 2021 and cFX growing 29% compared to the same period in 2019. The second quarter marked a growth of 27% in cFX compared to Q2 2021 and 24% in cFX compared to the second quarter of 2019, despite the negative effects derived from the closure of a third of the stores under management directly in mainland China, driven by strong local demand in all other markets. In particular, Korea and Japan outperformed the other regions. E-commerce continued to register strong double-digit growth rates, the company said in a press release.

The consolidated turnover of the Italian fashion company Moncler was recorded at 918.4 million euros in the first half of the financial year 2022, an increase of 48% compared to 621.8 million euros in the first half of the 2021 financial year. EBIT was posted at 180.2 million euros with a margin on sales of 19.6% compared to 92.82 million euros with a margin of 14.9 % in 2021.

“Even though the first half was marked by strong macroeconomic and geopolitical instability, we exceeded our expectations, reaching 918 million euros in revenue and growing 46% at constant exchange rates. economic and financial indicators, driven by the contribution of the two brands, Moncler and Stone Island”, Remo Ruffini, CEO of Moncler SpA., said.

In the second quarter, the group’s revenues amounted to 328.5 million euros, up 26% cFX compared to the same period of 2021 and 69% cFX compared to the second quarter of 2019, which did not include not the Stone Island brand. In the second quarter, the Moncler and Stone Island brands recorded revenues equal to 250.9 million euros and 77.6 million euros respectively.

“While the global context remains uncertain and volatile, we approach our most important part of the year with confidence, supported by our strategy and the operational flexibility that have always distinguished us, as well as a financial solidity and a clear vision oriented towards the continuous strengthening of the Brands. This year also marks two important anniversaries: 70 years for Moncler and 40 years for Stone Island. In the coming months, we are preparing to celebrate our heritage with a series of dedicated initiatives and various projects to years to come, always keeping in mind that there is no future without a past, and that the past alone is not enough to ensure a bright future,” explained Ruffini.

In January 2022, Moncler earned the highest industry rated badge as well as the highest regional rated badge from Sustainalytics, a leading ESG and corporate governance research and rating firm that supports investors in the development and the implementation of responsible investment strategies.

Fibre2Fashion (RR) Press Office

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