Italian firm Moncler's consolidated revenue climbs 48% in H1FY22

In the first half, the Direct-To-Consumer distribution channel registered revenues of €555.9 million with a 31 per cent cFX growth compared with the first half of 2021 and 29 per cent cFX compared with the same period in 2019. The second quarter marked a 27 per cent cFX growth compared with Q2 2021 and 24 per cent cFX compared with the second quarter of 2019, despite the negative effects derived from the closure of a third of the directly managed stores in the Chinese mainland, driven by the 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.

"Even though the first half of the year was marked by strong macroeconomic and geopolitical instability, we have exceeded our expectations, reaching €918 million in revenues and growth of 46 per cent at constant exchange rates. We also reported great operating margins along with solid economic and financial indicators, driven by the contribution of both brands, Moncler and Stone Island,” Remo Ruffini, chairman and chief executive officer of Moncler S.p.A., said.

In the second quarter, group revenues were €328.5 million, up 26 per cent cFX compared with the same period of 2021 and 69 per cent cFX compared with the second quarter of 2019, which did not include the Stone Island brand. In the second quarter, the Moncler and Stone Island brands registered revenues equal to €250.9 million and €77.6 million respectively.

“While the overall context remains uncertain and volatile, we head into our most important part of the year with confidence, underpinned by our strategy and the operational flexibility that has always made us stand out, together with 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 upcoming months, we are preparing to celebrate our heritage with a range of dedicated initiatives and various projects for the years to come, always maintaining awareness 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 obtained the industry top-rated badge as well as for the regional top rated badge from Sustainalytics, leading research and ESG and corporate governance rating company that supports investors in the development and implementation of responsible investment strategies.

Fibre2Fashion News Desk (RR)