International sales grow 35% as Moncler continues to shine
High-end skiwear brand Moncler has continued its positive run of results after listing on the Milan stock exchange in December 2013 in what was the most successful luxury group flotation in four years.
It sales grew by double digits in all its international markets, including by 35% in the Americas and Asia.
Revenues for the first nine months of the year grew 16% to €449.3 million while income grew 16% to €70.5 million.
CEO Remo Ruffini said: “Despite an uncertain macroeconomic and geopolitical scenario, we have delivered 18% growth in revenues at constant exchange rates and a 19% increase in earnings.
The international expansion of our network continues and at the end of September we had 163 mono-brand stores, including 127 retail stores.”
It is opening more by the end of this year and secured sites for 15 more for 2015.
“I am also extremely proud to announce that we signed an MOU to assume, on the 1st of January 2015, direct control of our activities in the Korean market, which means Moncler will fully control operations in all the markets in which it operates.
“Heritage, uniqueness, quality and innovation have always been the distinguishing features of Moncler. It is thanks to our customers’ trust, together with the commitment of our more than 1,300 employees worldwide, almost half of whom are based in Italy, that we are able to work with passion and energy to support the long-term growth of our brand”.
Its shares jumped more than 40% on their first day of trading in Milan, as we reported in a brand profile inWSA May/June 2014.
