The Italian clothing group Moncler SpA significantly increased its sales in the first nine months of the 2022 financial year thanks to strong figures from its core brand and the acquisition of the Stone Island label. In the third quarter, however, the pace of growth slowed. This emerges from an interim report that the company published on Wednesday.
According to this, the group turnover of the Moncler Group in the months of January to September amounted to 1.56 billion euros. It thus exceeded the corresponding prior-year level by 32 percent (currency-adjusted +30 percent). The main brand Moncler generated sales of 1.25 billion euros in the first three quarters, an increase of 23 percent (+21 percent adjusted for currency effects).
The Stone Island label made a major contribution to the strong growth in group sales, with a contribution of EUR 304.1 million, almost twice as high as in the same period of the previous year. Last year, however, its revenues had only been booked since the acquisition was completed on April 1, 2021. On a pro forma basis, the brand’s nine-month sales increased by 24 percent (+23 percent at constant currency).
In the third quarter, however, the group was not able to keep up the growth rate of the first half of the year: Adjusted for currency effects, sales grew by only twelve percent. The Moncler brand increased by 13 percent, Stone Island achieved an increase of eight percent.
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