Group EBIT for FY23 stood at €893.8 million, up from €774.5 million in FY22, with EBIT margin improving to 30.0 percent from 29.8 . The net result also increased to 611.9 million euros, compared to 606.7 million euros in FY22the company said in a press release.
Moncler reported a 17 percent revenue increase in FY23 to €2.98 billion, with EBIT rising to €893.8 million. The growth was driven by a 19 percent increase in Moncler revenue and strong performance in Asia, up 30 percent at constant exchange rates. The fourth quarter continued the momentum, with significant gains in all regions, despite a slight decline in the Americas.
Breaking down the revenue streams, Moncler's revenue alone soared to €2.57 billion, a cFX increase of 19 percent (17 percent at current exchange rates) from €2,201.8 billion for the year. previous, supported by strong comparable store sales throughout the year. growth (CSSG) of 19 percent. Stone Island contributed revenue of €411.1 million, a cFX increase of 4 percent (2 percent at current exchange rates) from €401.1 million in FY22.
Geographically, Asia, including APAC, Japan and Korea, topped the revenue charts with €1,291.4 billion, a cFX increase of 30 percent during FY22. The EMEA region also showed strong performance with revenue of €910, 5 million euros, an increase of 14 percent cFX. However, revenue in the Americas saw a slight drop of 1 percent cFX to €371.3 million.
The fourth quarter of FY23 particularly highlighted the brand's continued growth momentum, with group revenue reaching €1,177.9 million, a cFX increase of 16 percent compared to the same period of FY22. This quarter saw substantial growth in Asia with cFX revenue up 28 percent year over year, and a positive rebound in the EMEA region with cFX up 7 percent year over year. The Americas also rebounded with cFX up 3 percent in the quarter.
“The operating environment remains complex and unpredictable. We will continue to navigate through these uncertainties by staying alert while leveraging our agility and reactivity. At the same time, we will continue to invest in our organization, our brands and the exceptional talent of our group, with a long-term mindset and always seeking to reach higher heights,” he stated. Remo Ruffini, President and CEO of Moncler.
Fiber2Fashion News Desk (DP)
