Moncler reported consolidated revenues in the first nine months reached €736.8 million, up 15 percent year over year. Sales advanced 16 percent at constant exchange rates.
Retail revenues reached €477.8 million, up 19 percent on a reported basis and 20 percent on a currency-neutral basis. Wholesale revenues totaled €259 million, up 8 percent on a reported basis and 9 percent at constant exchange rates.
In Italy, revenues rose 4 percent, with sound organic growth in both distribution channels. In the third quarter, the market was slightly affected by the temporary closure of the Milano-Montenapoleone store, which re-opened in October with significantly expanded floor space.
In EMEA, Moncler grew 21 percent at constant exchange rates, thanks to solid growth in both distribution channels. In particular, the retail channel continued double-digit growth in all main markets, with the United Kingdom and France recording significant growth rates.
In Asia & Rest of World, revenues increased 19 percent at constant exchange rates, with a positive contribution from all markets. Japan continued double-digit growth, largely driven by the retail channel. APAC accelerated in the third quarter, thanks to strong performance in both channels. The retail channel benefited from sound organic growth and the expansion of the network, including the relocation of the Hong Kong Harbour City store to a flagship on Canton Road. The business in Korea grew by double-digits, driven by an increased appreciation of the Moncler brand from local clientele.
In the Americas, the company recorded revenue growth of 14 percent at constant exchange rates, supported by double-digit growth across both distribution channels and both North American markets (U.S. and Canada). Retail performance was largely driven by new openings, while the wholesale channel continued to deliver solid results, supported by healthy sell-through and ongoing development of the shop-in-shop network.
