MILAN — Moncler SpA shareholders on Tuesday approved the company’s 2018 financial statement and the distribution of a gross dividend of 0.40 euros per share, for a total amount of more than 99.8 million euros to be paid on May 22.
Revenues climbed 19 percent to 1.42 billion euros, compared with 1.19 billion euros in 2017. At constant exchange, they climbed 22 percent.
The meeting confirmed Remo Ruffini as chairman and Marco De Benedetti as vice chairman of the board, while it also appointed a new board for 2019-21 and confirmed the composition of 11 members. In addition to Ruffini, the following were appointed directors: Nerio Alessandri; chief corporate and supply officer Luciano Santel; Diva Moriani; De Benedetti; Virginie Morgon, chief executive officer of Paris-based investment firm Eurazeo; chief marketing and operating officer Roberto Eggs; Gabriele Galateri di Genola; Stephanie Phair, and Alessandra Gritti.
After eight years, Eurazeo in March said it has exited the last of its stake in the luxury outerwear brand, selling 4.8 percent of the company for 445 million euros. That’s more money than Eurazeo and its coinvestors paid for 45 percent of the company in 2011, making for one of the most successful private equity investments in fashion in recent memory.
In a statement issued after the end of trading on Tuesday, the company said the remuneration to be paid to the entire board was determined in maximum 530,000 euros gross per year.
Ruffini holds more than 66.9 million shares through Ruffini Partecipazioni Srl and 151,648 directly, Santel holds 216,000 shares, Eggs holds 112,000 shares and Morgon holds 9,770 shares.
The board confirmed Ruffini and Santel as executive directors and Eggs was also appointed executive director. Santel will take on the role of director in charge of the internal control and risk-management system.