Moncler’s First Half Sales Surge 58 Percent

Moncler S.p.A reported consolidated revenue reached €621.8 million in the first half, up 58 percent from €403.3 million a year ago.

Moncler brand revenues reached €565.5 million, up 43 percent year-over-year and ahead 1 percent compared to 2019. The Moncler brand saw an acceleration in the second quarter as sales grew 5 percent against 2019 levels with double-digit growth in the U.S., China, Korea, and online.

The recently acquired Stone Island brand had revenue of €56.2 million in the second quarter of 2020 with a solid performance in all markets and channels.

EBIT in the half came to €58.7 million compared with an operating loss of €35.5 million in the first half of 2020 and a positive EBIT of €70.0 million in the first half of 2019.

Net profit came to €58.7 million against a loss of €31.6 million in the first half of 2020 and earnings of €70 million in the first half of 2019.

Moncler had €233.9 million in cash as of June 30 compared with €855.3 million as of the end of December and €595.1 million as of June 30, 2020, reflecting €551.2 million in cash to support the acquisition of Stone Island and €118.3 million for dividend payments.

“For more than a year we have been living in an unforeseeable and unprecedented situation which sparked a renewed energy and ability in us to evolve and improve. Last year, we talked about the need to focus on projects essential to the Brand,” said Remo Ruffini, Moncler’s Chairman and CEO. “Today, I am proud to announce that we have reached all the targets that we set ourselves. Furthermore, in April 2021 we became a Group, and today we announce the first consolidated results of Moncler and Stone Island. The numbers are very good. But, as I always point out after the first half, the most important part of the year lies ahead. And while the public health situation is still highly uncertain, we are ready to face the coming months with enthusiasm, dedication and energy knowing that we can rely on our formidable brands, clear goals and talented people to achieve them.”

Photo courtesy Moncler