MILAN — Moncler SpA closed 2019 with double-digit growth in all markets and distribution channels.

In the 12 months ended Dec. 31, net profits were up 9 percent to 361.5 million euros, compared with 332.4 million euros a year earlier.

Sales rose 15 percent to 1.62 billion euros compared with 1.42 billion euros in 2018. Revenues accelerated in the last quarter, growing 16 percent.

Like-for-like sales climbed 7 percent. Operating profit was up 15 percent to 475 million euros.

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