Moncler achieves revenue growth across geographies

In the first quarter of 2016 Moncler recorded revenues of 237.3 million euros (270.9 million dollars), an increase of 18 percent at current exchange rates compared to revenues of 201 million euros (229.5 million dollars) in the same period of 2015 and an increase of 17 percent at constant exchange rates.

Commenting on the first quarter results, Remo Ruffini, Moncler’s Chairman and Chief Executive Officer, said, “The results achieved in the first three months of 2016 have exceeded our expectations, as well as those of the market. I am also pleased with the important projects we are pursuing in our retail store network and the positive feedback we have received on our collections, even in non-core segments. Despite the continuation of an uncertain and volatile macroeconomic situation, we will achieve further growth in 2016 compared to 2015.”

Revenue growth in all regions

In Asia and Rest of the World, revenues increased 30 percent at constant exchange rates and 32 percent at current exchange rates, with growth in all markets. In the Americas, the company recorded revenue growth of 21 percent at constant exchange rates and 28 percent at current exchange rates, supported by solid growth in both channels. In the United States, the good performance of the wholesale channel benefited from a better penetration in top wholesale accounts, while retail growth was driven by new openings.

In EMEA, Moncler grew 5 percent at constant exchange rates and at current exchange rates. All North European markets, in particular Germany and the United Kingdom, showed good results in both channels, while France and Belgium slightly underperformed the Rest of Europe. In Italy revenues rose 5 percent.

Revenues by distribution channel up 22 percent

Revenues from the retail distribution channel reached 170.1 million euros (194.3 million dollars) compared to 138.1 million euros (157.7 million dollars) in the first quarter of 2015, representing an increase of 22 percent at constant exchange rates and 23 percent at current exchange rates.

The wholesale channel recorded revenues of 67.2 million euros (76.7 million dollars), an increase of 5 percent at constant exchange rates and 7 percent. As at March 31, 2016, Moncler’s mono-brand distribution network consisted of 175 directly operated stores (DOS), an increase of 2 units compared to last year and 34 wholesale shop-in-shops.

picture:monclergroup.com