Moncler reports double-digit growth in 2013
Moncler sales rose to 580.6 million euros ($796.96 million) in the full year, growing in all its markets. Net profit rose 17 percent to 92.1 million euros.
Revenue growth for the period was fastest in the Americas, at 44 percent at constant rates, closely followed by Asia, where its main market is Japan.The weakness of the Japanese yen prompted Moncler to increase prices there by 8 percent, and it plans a further 4 percent hike for the spring, chief corporate officer Luciano Santel said on a conference call.
Moncler is trying to reduce the proportion of sales it makes in Italy, which stood at 23 percent at the end of last year. But even in its home market, struggling to emerge from recession, sales rose 2 percent.
North America and Japan continued to show “pretty strong performance” in the first weeks of this year, Santel said. The company did not give guidance for the rest of this year. The retail division, which allows luxury companies direct control of their brands, fast outpaced Moncler’s wholesale channel, rising 33 percent and 7 percent respectively.