Moncler FY22 turnover increases by 25 percent

In 2022, the Moncler Group achieved consolidated revenue of 2,602.9 million euros, an increase of 25% cFX compared to 2021. These results include revenue from the Moncler brand equal to 2,201.8 million euros and revenue from the Stone Island brand of 401.1 million euros.

In the fourth quarter, the group achieved revenue of €1,046.3 million, up 19% in cFX, including Moncler brand revenue of €949.3 million and Stone Island brand revenue of €97 million.

The company’s EBIT reached 774.5 million euros with a margin on revenues of 29.8 percent compared to 603.13 million euros in 2021 with a margin of 29.5 percent. The group’s net profit amounted to 606.7 million euros compared to 411.43 million euros in 2021. The company’s board of directors also approved a proposed dividend distribution of 1.12 euros per share.

Commenting on the results, Remo Ruffini, President and CEO of Moncler SpA, said: “Today, I am proud to present excellent results, whose value is even more significant considering the complicated context in which they were achieved. Looking ahead to 2023, the macroeconomic environment remains complex and characterized by continued uncertainty, but also by many opportunities.”

Moncler brand performance highlights

In 2022, Moncler brand revenues increased by 19 percent cFX growth compared to 2021, while in Q4, brand revenue increased by 16 percent cFX compared to Q4 2021 and 52 percent compared to Q4. fourth quarter of 2019.

In 2022, revenues in Asia including APAC, Japan and Korea were EUR 1,029.3 million, a 14% increase in cFX compared to 2021. Q4 2021 and 56% in cFX versus Q4 2019, driven by acceleration in Korea and a solid performance in Japan.

EMEA reported revenues of EUR 804.4 million in 2022, growing 29% cFX compared to 2021, driven by the performance of the DTC channel – both physical and online, while wholesale was impacted by conversions from some shop-in-shops and e-tailers . Fourth quarter revenues accelerated 30% from Q4 2021 and 52% from Q4 2019, driven by strong local demand. Italy, France and Germany contributed the most to quarterly growth.

The Americas reported revenues of €368.1 million in 2022, an increase of 12% in cFX compared to 2021 and 35% in cFX compared to 2019. last quarter of 2021 and 38% on cFX compared to fourth quarter of 2019, mainly driven by the DTC channel.

In 2022, the direct-to-consumer channel (DTC) achieved revenues of 1,772 million euros, an increase of 22% cFX compared to 2021 and 43% cFX compared to 2019. The fourth quarter saw growth of 18% cFX compared to to Q4 2021 and 55% cFX versus Q4 2019, despite the Covid restrictions implemented in Mainland China, mainly in the months of October and November.

Wholesale channel revenues were 429.8 million euros with 6 percent cFX growth compared to 2021 and 14 percent cFX compared to 2019. In the fourth quarter, revenues generated by this channel increased by 1 percent cFX compared to compared to Q4 2021 and 21 percent cFX compared to Q4 2019.

As of December 31, 2022, the Moncler monobrand boutique chain had 251 directly operated (DOS) stores, an increase of nine units from the prior year and an increase of 14 units from December 31, 2021. operates 63 wholesale stores. in-shops (SiS), compared to 61 as of September 30, 2022, after opening at Doha and Hainan Sanya airports in the last quarter of the year.

Stone Island Brand Results for Fourth Quarter and FY 22

In 2022, Stone Island brand revenues increased by 28% cFX and 63% cFX compared to 2019. In Q4, the brand saw 48% cFX growth compared to Q4 2021.

EMEA, which is the most important region for the brand, contributing €278.7 million of revenue, grew 16% cFX in 2022, accelerating 21% cFX in Q4 compared to Q4 2021. Italy, UK and France led the region’s growth in the year.

Asia achieved revenues of EUR 80.2 million, growing 101% cFX compared to 2021 pro-forma, driven by the retail conversion of Korea and Japan, while APAC suffered in Q4 due to Covid-19 restrictions in Mainland China.

The Americas reported revenues of €42.3 million, up 34% cFX compared to 2021 pro-forma, with growth driven by good collections performance in the wholesale channel. The wholesale channel, which continues to represent the majority of the brand’s revenues, with sales of 252.0 million euros in 2022, grew by 7 percent cFX compared to 2021 pro-forma.

The DTC channel posted sales of EUR 149.2 million, up 93% cFX compared to 2021 pro-forma, driven by the aforementioned conversion from Korea and Japan and double-digit performance in EMEA and the Americas. The direct online channel recorded strong double-digit growth.

The Stone Island monobrand store chain consisted of 72 retail stores and 19 wholesale monobrand stores. In the fourth quarter, Stone Island opened its first DOS under the new format in Chicago.

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