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The Moncler Group<\/strong>, the owner of the eponymous brand of luxury down jackets and Stone Island, did some great things in 2022. Its annual turnover soared by 25% at constant exchange rates to 2.6 billion euros,<\/strong>exceeding a consensus given by the company of 2.5 billion euros. The performance was driven by solid growth in all markets and its two channels (wholesale and retail).<\/p>\n <\/p>\n Net profit jumped 47% to 606.7 million euros<\/strong>, compared to 411.4 million in 2021. It includes a unique tax benefit of 92.3 million euros for the realignment of the tax value of its Stone Island brand.<\/p>\n <\/p>\n <\/p>\n \u201c2022 was a year of great emotions and success that exceeded our expectations<\/em>\u201d, said Remo Ruffini, President and CEO of Moncler<\/strong> S.p.A, \u201cproud to present excellent results, the value of which is even more significant given the complicated context in which they were achieved<\/em>.\u201d \u201cIt was also a highly symbolic year: the 70th anniversary of Moncler and the 40th anniversary of Stone Island, during which we celebrated the journey of these two extraordinary brands<\/em>\u201d. Sales of the Moncler brand<\/strong> increased by +19% to 2.2 billion euros, an increase of +36% compared to 2019!<\/strong><\/p>\n \u00a0<\/strong><\/p>\n Another good surprise was that the pace accelerated in the fourth quarter<\/strong>, with a growth of +16% to 949 million euros. This represents an evolution of +52% compared to the last quarter of 2019<\/strong>, accelerating in all regions.<\/p>\n <\/p>\n Stone Island<\/strong>, its high-end casual clothing brand for men and children, has also achieved an excellent year in 2022. Its sales grew by +28% to 401 million euros<\/strong>, compared to the 2021 pro-forma (the consolidation of Stone Island took place on April 1st, 2021). And the brand accelerated the pace significantly (+48%) at the end of the year, driven by solid growth in all its central markets.<\/p>\n <\/p>\n <\/p>\n Geographically, the good news is that the group has done very well in Asia, its main market, despite the challenges encountered in China.<\/p>\n <\/p>\n Sales of Moncler have thus rounded off in the APAC zone (including Japan and Korea) by +14% to 1 billion euros. In the fourth quarter<\/strong>, revenue increased again by 12% compared to the same period in 2021 and by +56% compared to 2019!<\/strong> A performance link to Korea\u2019s acceleration and a solid performance in Japan. The APAC region has certainly been penalized in October and November on the Chinese market<\/strong>, anti-covid restrictions oblige. But the easing of the latter in December allowed a quick recovery.<\/p>\n <\/p>\n About 2023, Remo Ruffini spoke about \u201ca macroeconomic environment that remains complex and characterized by persistent uncertainty, but also by many opportunities.<\/em>\u201d This allows him to \u201capproach,\u201d despite everything, \u201cthe year with confidence.\u201d<\/p>\n <\/p>\n Read also >\u00a0Moncler in great shape in the third quarter<\/a><\/p>\nExpectations exceeded<\/h2>\n
A healthy Asian market<\/h2>\n