‘Resilient’ Moncler continues sales growth amid Asia boom

Moncler
Both Moncler and Stone Island lifted their sales in the first quarter

Luxury fashion retailer Moncler has seen continued momentum in its sales, with the growth of its presence in Asia leading the group.

Its first fiscal half of the year saw revenues across its Moncler and Stone Island brands climb by 9 and 11 per cent, respectively. These two brands combined for a first-half group revenue of US$1.47 billion, with earnings before interest of $280 million.

“In a global landscape defined by rapid and disruptive change, what makes our group resilient is not only how quickly we react, but how true we stay to who we are and how close we remain to the communities we speak to,” said Remo Ruffini, executive chairman of Moncler.

“In the first half of the year we delivered solid growth and profitability across both our brands, by staying focused on what matters most: our products, the creativity that defines our brands, and the collective energy we share with our audiences.”

Asia was the fastest-growing geography for Moncler Group, now accounting for 54.4 per cent of total sales. Sales in Europe, the Middle East, Africa, and the Americas declined in share.

Ruffini added: “At the same time, we continue to find new and more engaging ways to be relevant throughout the year, well beyond our core season.

“The operating environment remains complex and hard to predict. These are moments that test our ability to be sharper and bolder, while remaining disciplined and grounded. It is with this same spirit, and with a clear sense of direction, that we approach the second half of the year and the opportunities ahead,” he concluded.

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