The Italian clothing group Moncler SpA was able to significantly improve its sales in the first nine months of the 2023 financial year. This was primarily due to significant growth for the core brand Moncler in Asia and Europe.
According to an interim report published on Thursday evening, group sales in the months January to September amounted to 1.81 billion euros. This means that revenues exceeded the previous year’s level by 16 percent. Adjusted for exchange rate changes, the increase rate was 17 percent. In the third quarter, however, the increase (currency-adjusted +7 percent) was significantly smaller than in the first half of the year.
The growth engine was the Moncler label, whose nine-month sales increased by 19 percent (currency-adjusted +21 percent) to almost 1.50 billion euros. The brand was particularly successful in Asia, where revenues rose by 29 percent (currency-adjusted +32 percent) to 705.3 million euros.
In the EMEA region, which includes Europe, the Middle East and Africa, the label achieved an increase in sales of 18 percent (currency-adjusted +19 percent) to 573.2 million euros. In America, however, revenues of 217.8 million euros were slightly below the corresponding previous year’s figure (-0.2 percent, -2 percent adjusted for currency effects).
The Stone Island brand, which has been part of the group since spring 2021, developed far less dynamically: its total sales only rose by two percent (currency-adjusted +3 percent) to 310.1 million euros.