Moncler’s revenues skyrocket to a record €1.1 billion

Moncler, which also owns the luxury brand Stone Island, has reported impressive financial results for the first half of 2023, ending 30 June 2023.

Group consolidated revenues reached £973 million (€1.13 billion), this was up by 24% compared to £786.8 million (€918.4 million) in H2 of 2022.

The Moncler brand raked in £801 million (€935 million) in the first half of 2023, up by 29% year-on-year. In particular, the direct-to-consumer (DTC) channel was up by 45% year-on-year in the second quarter, driven by solid double-digit growth in all three regions.

The Stone Island brand reported revenues of £172.7 million (€201.6 million) in the first half of 2023, up by 5% compared with H2 of 2022. The second quarter was up 5% year-on-year, driven by Asia and EMEA markets.

Group EBIT stood at £186.6 million (€217.8 million) in the first half of 2023 compared with £92.7 million (€180.2 million) in the previous year. EBIT margin was down 19.2% compared to 19.6% in H1 2022, due to a different phasing of marketing expenses.

Reported net revenues for H2 stood at £124.5 million (€145.4 million).

Remo Ruffini, Chairman and Chief Executive Officer of Moncler S.p.A., commented: "For the first time in our history, Group revenues exceeded the 1 billion euro mark in the first half of the year. I am proud of this significant milestone, a testament to the great teamwork, innovative thinking, and customer-centric approach that defines our Group.

"At Moncler, we are driving a new level of engagement with our customers all around the globe, leveraging all the dimensions of the brand. At Stone Island, we have just started the second chapter of the evolution of this unique brand under the leadership of the newly-appointed CEO.

"While remaining mindful of a still uncertain and complex environment, we will continue to invest in our organisation and in our people to enable our brands to express their full potential."