Moncler Group, an Italian luxurious trend model, has generated consolidated revenues of €3.11 billion (~$3.26 billion) in fiscal 2024 (FY24) ended December 31, a rise of seven per cent at fixed trade charges, and (+4 per cent at present trade charges) in contrast with €2.98 billion in 2023. The consolidated gross revenue was equal to €2,426.6 million (~$2,540.8 million), with an incidence on revenues of 78.1 per cent in contrast with 77.1 per cent in 2023.
Promoting bills reached €937.3 million in FY24, in contrast with €868.1 million in FY23, with a 30.2 per cent incidence on revenues, greater than FY23 as a result of progressive shift towards a extra direct-to-consumer (DTC) led enterprise mannequin. Basic and administrative bills have been €351.7 million, with a 11.3 per cent incidence on revenues, in contrast with €331.2 million in 2023 (11.1 per cent on revenues), reflecting steady investments within the organisation, Moncler stated in a press launch.
Moncler Group has reported €3.11 billion (~$3.26 billion) in FY24 income, up 7 per cent at fixed trade charges.
Gross revenue was €2,426.6 million (~$2,540.8 million).
DTC income rose 11 per cent to €2,331.9 million (~$2,439.2 million), whereas wholesale fell 7 per cent.
EBIT margin was 29.5 per cent.
Moncler Group noticed 8 per cent YoY development in This fall, pushed by a 9 per cent rise within the DTC channel.
Channel-wise, the DTC channel recorded revenues of €2,331.9 million (~$2,439.2 million) in 2024, up 11 per cent in contrast with 2023. The bodily channel continued to outperform the net channel, whose efficiency remained weak within the fourth quarter, albeit bettering considerably in contrast with the earlier quarter. In the meantime, the wholesale channel recorded revenues of €375.4 million (~$392.7 million), a decline of seven per cent YoY.
Group EBIT was €916.3 million with a margin of 29.5 per cent, in contrast with €893.8 million in 2023 with a margin of 30.0 per cent, exhibiting resilience regardless of a more difficult buying and selling setting.
The Moncler model reported whole revenues of €2.71 billion, reflecting a 5 per cent enhance at present trade charges and an 8 per cent enhance at fixed trade charges in comparison with €2.57 billion in 2023. Asia remained the biggest marketplace for this model, producing €1.38 billion in revenues, up 7 per cent from €1.29 billion within the earlier yr. Europe, the Center East, and Africa (EMEA) contributed €949.3 million, representing a 4 per cent enhance from €910.5 million in 2023. The Americas recorded €379 million in revenues, rising 2 per cent from €371.3 million within the prior yr.
As for the Stone Island model, it generated a income of €401.6 million in FY24, witnessing a decline of 1 per cent (-2 per cent at present trade charges) in contrast with €411.1 million in 2023.
“In 2024 our group achieved remarkable results and showed strong resilience in a complex and volatile environment. Both Moncler and Stone Island delivered double-digit growth in the DTC channel, driving group revenues over €3.1 billion while maintaining a resilient 29.5 per cent EBIT margin, underscoring the strength of our business model and operational discipline. Over the past year, we have doubled down on what makes our brands truly distinctive,” stated Remo Ruffini, chairman and chief government officer (CEO) at Moncler.
“Meanwhile, Stone Island continued to reinforce its unique identity through a series of powerful brand initiatives, deepening connections with both new and loyal communities. As we move into 2025, while the global macroeconomic context remains uncertain, we are confident in our ability to navigate evolving market dynamics. Inspired by our heritage, our passion for innovation, and our ambition to push boundaries beyond conventions, we are shaping the future of our brands to drive sustainable growth and create long-term value,” added Ruffini.
Fourth quarter (This fall) monetary
The group noticed a stable efficiency in This fall (+8 per cent YoY) largely pushed by the acceleration of the DTC channel, up 9 per cent YoY, regardless of a tricky comparable base and nonetheless risky market traits. This fall income have been up 10 per cent in contrast with the identical interval final yr, with all areas accelerating. The DTC channel continued its stable double-digit development path.
