Moncler first half 2015 revenues up 35%
Italian luxury house of Moncler reported today exceptional financials for the first half of 2015, ending 30 June. Moncler consolidated revenues for H1 totaling Eur 295.8m, a 35% increase year on year growth reported (+26% at constant exchange rates). International markets accounted for 83% of total revenues (78% in H1 2014) to Eur 244.3m.
Other key financials for Moncler in the first half of 2015: comparable store sales growth: +22% / EBITDA: Eur 70.9m with a margin on sales of 24.0% (21.3% in H1 2014) / EBIT: Eur 53.8m, with a margin on sales of 18.2% (16.1% in H1 2014) / Net Income: Eur 34.0m with a margin on sales of 11.5% (8.3% in H1 2014) / Net Debt: Eur 175.3m vs. Eur 111.2m as of December 2014 and vs. Eur 206.3m as of June 2014.
Moncler registered double-digit growth in all international markets, which now account for 83% of total sales (vs. 78% in H1 2014)
• Asia performance driven by solid growth in both China and Japan
• Americas revenues driven by both distribution channels
• Significant organic growth achieved in Europe
• Good performance in Italy
At the end of June 2015, Moncler’s retail network reached 153 mono brand stores. The company focused particularly on the South Korean market where 12 mono-brand stores converted from wholesale to retail.