In the first half of the year, the Direct-to-Consumer distribution channel registered a revenue of 555.9 million euros with a growth of 31% cFX compared to the first half of 2021 and 29% of cFX compared to the same period of 2019. two marked 27% cFX growth vs Q2 2021 and 24% cFX vs Q2 2019, despite the negative effects stemming from the closure of a third of directly managed stores in the US. China due to strong local demand in all other markets. In particular, Korea and Japan outperformed other regions. E-commerce continues to record strong double-digit growth, the company said in a press release.
Consolidated sales of Italian fashion house Moncler were recorded at 918.4 million euros in the first half of fiscal 2022, up 48% from 621.8 million euros in the first half of fiscal 2021. EBIT announced. at 180.2 million euros with a profit margin on sales of 19.6% compared to 92.82 million euros with a profit margin of 14.9% in 2021.
“Although the first half of the year was marked by strong macroeconomic and geopolitical uncertainty, we exceeded expectations, posting sales of 918 million euros and growth of 46% at constant exchange rates. We also report excellent operating margins along with economic and financial indicators, driven by contributions from both brands, Moncler and Stone Island,” Remo Ruffini, President and CEO of Moncler SpA., speak.
In Q2, the group’s revenue was €328.5 million, up 26% cFX year-on-year in 2021 and 69% cFX compared to Q2 2019, excluding the Stone Island brand. In the second quarter, the Moncler and Stone Island brands registered sales of €250.9 million and €77.6 million, respectively.
“While the overall landscape remains uncertain and volatile, we enter the most important period of the year with confidence, underpinned by our strategy and operational flexibility that has always made us outstanding, together with the financial soundness and clear vision towards the continuous strengthening of the Brands. This year also marks two important anniversaries: 70 years of Moncler and 40 years of Stone Island. In the coming months, we are preparing to celebrate our legacy with a series of dedicated initiatives and various projects in the coming years, always maintaining the awareness that there is no future without there is a past and the past alone is not enough to warrant an explanation by Ruffini.
In January 2022, Moncler received an industry top-rated badge as well as a top-rated region badge from S Sustainability, leading research and ESG and public governance ratings company. The company assists investors in developing and implementing responsible investment strategies.
Fiber2 fashion news desk (RR)
