MILAN — Global expansion, led in particular by a strong performance of the U.S. and Asia and its retail channel as well as a weaker euro currency helped net profit and revenues at Moncler SpA surge in the first half of the year. In the six months ended June 30, earnings climbed 88 percent to 34 million euros, or $39.8 million, compared with 18.1 million euros, or $24.8 million, in the same period last year.

Revenues were up 35 percent to 295.8 million euros, or $326 million, compared with 218.3 million euros, or $241 million.
At constant exchange rates, sales rose 26 percent.

“We are pleased to have again delivered a good set of results with revenues, operating profits and net result all increasing during the period,” said Remo Ruffini, chairman and chief executive officer. While new openings played an important role, there was also a strong contribution from stores opened for more than 12 months with comparable store sales growth of 22 percent in the first half. These results demonstrate the effectiveness of our strategy as we continue developing our brand consistently and sustainably over the long term. Although we have not lost sight of the challenges and uncertainties that persist, we remain focused on our strengths. Quality, uniqueness and heritage are the values that identify Moncler and set it apart throughout the world. My team and I work together every day to ensure these pillars act as the platform for growth for an ever stronger group.”

Dollar rates are calculated at average exchange rates for the periods concerned.

RELATED CONTENT: WWD Global Stock Tracker >>

load comments
blog comments powered by Disqus