Buoyed by Asia but faltering in the US market, luxury group Moncler posted a better-than-expected FY 2023.
Sales for the luxury group, owner of the Moncler and Stone Island brands, rose by 17% to 2.98 billion euros ($3.23 billion). This was better than the consensus provided by the company, which was expecting only 2.93 billion euros ($3.17 billion).
The icing on the cake is that both brands accelerated in the fourth quarter.
Group net income rose by almost 1% to 611.9 million euros (vs. 606.7 million euros in 2022), “which includes an extraordinary tax benefit of 92.3 million euros for the realignment of the tax value of the Stone Island brand”, according to the press release. For its part, the Group’s annual Ebit rose by 15.5% to 894 million euros. Net margin was thus 30%.
Tenth anniversary of listing on the Milan Stock Exchange
“2023 was an important and special year for us: it was the tenth anniversary of our listing on the Milan Stock Exchange. We are celebrating this milestone with excellent results“, enthused Remo Ruffini on Wednesday February 28, during the company’s earnings conference call. The Group CEO also noted that sales had increased more than fivefold in a decade.
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Photos à la Une : © Moncler
