Moncler group almost doubles revenues
28/07/2022
Across the board, consolidated revenues grew 48% year over year to €918.4 million.
By brand, Moncler revenues were up 27% on the year previous, achieving €724.3 million. Asia represented its largest market (46%), followed by Europe, the Middle East and Africa (EMEA) at 36.5% and the Americas at 17.5%. In terms of geographical market share, these figures were roughly in line with full-year figures for 2021.
Stone Island rose by 33%, reaching €194.1 million. Its revenues were much more dependent on EMEA, which represented a 71.2% slice of the total. Asia followed in second place (17.2%), followed by the Americas (11.6%).
“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 our brands,” commented group chairman and chief executive, Remo Ruffini.
Mr Ruffini also noted that 2022 marks 70 years of Moncler and 40 years of Stone Island. Both will host special celebratory projects and initiatives in the coming months, he said.
Image: Moncler via Instagram.
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