Moncler reports 18% revenue growth for the first half of 2017

For the first half of 2017, Moncler reports a net income of €41.8 million, up 25% compared to the same period a year earlier, and a margin of 10.3% of total revenue. The revenue increased by 18% reaching €407.6 million. Moncler’s EBITDA was €97 million, growing 24% and yielding a gross margin of 23.8%.

Remo Ruffini, CEO of Moncler said: “Since the brand’s listing, this is the fourteenth consecutive quarter in which Moncler has posted double-digit growth.” In the second quarter, growth was in fact 20%.

Sales in all European countries except Italy, which altogether account for one third of Moncler’s revenue, grew 20% at current exchange rates (+24% at constant exchange rates), reaching €127.4 million in the first half of the year, while in Italy they grew 7%.

Revenue was also bolstered by Moncler’s strong performance in Asia, where in the period it grew 19%, reaching €159.6 million, notably thanks to the performance in China, South Korea and Japan.

In Japan,  Moncler announced a five-year extension, until 2023, of the contract with Yagi Tsusho, the partner with which in 2008 it signed a joint-venture agreement leading to the creation of Moncler Japan Corporation, in which the Italian label owns a 51% stake.

In the first six months of the year, the revenue of the group’s 191 directly owned stores rose 21% compared to the same period last year. Moncler also operates 46 shop-in-shops. The wholesale channel grew 8% for the Italian label, while comparable retail sales rose by 14%.

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