Italian luxury brand Moncler reports results for the first six months of 2016, “with double-digit growth and positive performances in all of its geographical areas,” even though it slowed down slightly compared to its booming growth in previous years.
In publishing the latest quarterly figures, Moncler reported a revenue of €639.3 million as of 30th September 2016, equivalent to a 14% growth both in published figures and at constant exchange rates, compared to €561.5 million for the same period last year.”Despite the fact that the macro-economic and political outlook remains uncertain and volatile, I am convinced that Moncler will be able to continue posting excellent results,” stated group CEO Remo Ruffini, in a press release.
The group’s sales in the first three quarters were driven in particular by Moncler’s fine performance in Asia, where sales surged by 27% (+25% at constant exchange rates), reaching €216.1 million. Growth was especially strong in China, “thanks to the strength of the brand” and in South Korea, where the label has opened several stores.
Sales grew by 17% in America (+18% at constant exchange rates), where American wholesale channel performance was boosted by growth in part by the retail channel.
In Italy, owing to the streamlining of the label’s wholesale network, sales rose by 2%. Meanwhile, sales grew by 7% (+8% at constant exchange rates) in the rest of Europe and the Middle East. The group also highlighted its excellent performance in the UK.
As of 30th September 2016, Moncler’s 186 directly operated stores generated 62.6% of total revenue, growing by 20%. The group did not disclosed its organic growth rate.
Since the beginning of the year, Moncler has opened 13 mono-brand stores and added 6 new shop-in-shops, bringing its total store count to 40. Altogether, the label is now operating 226 retail outlets. After inaugurating a flagship store in London, Moncler has also opened two other major stores, in Seoul and New York.