Moncler S.p.A. reported sales in the third quarter were €638.3 million, up 12 percent currency-neutral compared with the same period of 2021 and 50 percent currency-neutral compared with the same period of 2019.
For the nine months, sales reached €1,556.6 million, an increase of 32 percent at current exchange rates compared with €1,177.2 million in the first nine months of 2021 (+30 percent at constant exchange rates) and ahead 57 percent currency-neutral compared with the same period of 2019.
Moncler Brand revenues in the nine months were €1,252.5 million, up 21 percent currency-neutral compared with the first nine months of 2021 and 26 percent currency-neutral compared with the same period of 2019.
The double-digit growth for Moncler Brand continued in the third quarter, up 13 percent currency-neutral compared with Q3 2021 and climbing 24 percent currency-neutral compared with Q3 2019, driven by its DTC distribution channel that grew 21 percent currency-neutral compared with Q3 2021 and 39 percent currency-neutral compared with Q3 2019.
Stone Island Brand revenues were €304.1 million in the first nine months of 2022, up 23 percent currency-neutral compared with the first nine months of 2021 proforma, since the Stone Island consolidation on 1 April 2021. Q3 revenues for Stone Island Brand were up 8 percent currency-neutral compared with the same period of the previous year, led by the DTC channel, while the wholesale channel was affected by the conversions to DTC and by some different timing of shipments compared to 2021.
Remo Ruffini, chairman and chief executive officer, Moncler S.p.A., commented: “In the first nine months of the year, the group exceeded 1.5 billion euros in revenues, recording double-digit growth in the third quarter compared both with 2021 and with 2019, in a macroeconomic context that continues to be characterized by strong uncertainty. We are now facing the most important period of the year with confidence and great energy, conscious of the strength of our brands and of the unique and distinctive projects planned for these months. After the spectacular event in Piazza Duomo in Milan, which saw the participation of over 18,000 people, we continue to celebrate around the world with a program of events, activations and experiences dedicated to Moncler’s 70th anniversary. Not just celebrations of the journey made so far, for which I thank everybody that made it possible, but also a moment to continue to engage and connect with our communities, planning the future while always valuing the roots and DNA of our brands.”
Photo courtesy Moncler
