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In the first half of 2026, the Moncler Group generated revenue of 1.29 billion euros<\/b>, up 9% at constant exchange rates<\/b> (+5% at current exchange rates). Operating income (EBIT) reached 245.4 million euros<\/b>, representing a margin of 19%<\/b>, compared to 18.3% a year earlier, while net income came in at 164.7 million euros<\/b>, up 7.3%.<\/p>\n
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The Moncler brand generated 1.09 billion euros<\/b> in revenue (+9% at constant exchange rates), while Stone Island continued its momentum with 200.3 million euros<\/b>, up 11%<\/b>.<\/p>\n
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As with many luxury brands, growth is primarily driven by the Direct-to-Consumer (DTC)<\/b> channel. Sales through company-owned stores and digital channels rose by 10%<\/b> at Moncler and 16%<\/b> at Stone Island, improving the group\u2019s gross margin in the process thanks to a more favorable distribution mix.<\/p>\n
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The geographic breakdown of performance illustrates the current disparities in the luxury market. At Moncler, Asia<\/b> remains the main growth driver, with sales up 19%<\/b> at constant exchange rates, driven in particular by China and Korea. Conversely, the EMEA<\/b> region declined by 4%<\/b>, hurt by a drop in tourist traffic\u2014particularly from Asia\u2014as well as a more challenging environment for online sales. The Americas posted growth of 6%<\/b>.<\/p>\n
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Stone Island showed a more balanced performance, with particularly strong growth in Asia (+25%) and the Americas (+35%), while Europe grew by 3%.<\/p>\n
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The group is nevertheless approaching the second half of the year with caution. \u201cThe operating environment remains complex and difficult to predict<\/b>,\u201d emphasizes Remo Ruffini<\/b>, Executive Chairman of Moncler. However, he believes that the group\u2019s resilience rests on the strength of its brands, their creativity, and their ability to remain relevant throughout the year.<\/p>\n
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Moncler thus reaffirms its roadmap: strengthening the brand\u2019s three pillars\u2014Moncler Grenoble, Moncler Collection, and Moncler Genius<\/b>\u2014while continuing to develop Stone Island and investing in a selective distribution network and an omnichannel customer experience. This long-term strategy aims to preserve the desirability of both brands in a luxury market that has become increasingly demanding.<\/p>\n
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