The Italian clothing retailer Moncler Group closed the 2021 financial year with strong sales growth. The down jacket specialist was thus able to clearly exceed the level of the pre-crisis year 2019. The takeover of the Stone Island fashion brand played a large part in the significant increase.
On Thursday evening, the group announced that it was able to generate sales of 2.05 billion euros last year. Compared to 2020, revenues increased by 42 percent (currency-adjusted +44 percent), compared to 2019 they increased by 28 percent after currency adjustments. In the nine months following the takeover, which was completed at the beginning of April, the Stone Island label contributed EUR 221.9 million to total sales. Sales of the core brand Moncler were 1.82 billion euros, corresponding to growth of 27 percent (+28 percent currency-adjusted) compared to the previous year. The 2019 level was exceeded by 14 percent in constant currency.
Thanks to the improvement in sales and effective cost control measures, the group was able to significantly increase its earnings, although special charges were incurred as part of the acquisition of Stone Island. The reported net profit amounted to 393.5 million euros, which corresponded to an increase of 31.0 percent compared to the previous year. Adjusted for the negative one-off effects of the Stone Island takeover, the surplus was 411.4 million euros. In 2019, Moncler had a net profit of 358.7 million euros.
