Profitability remained strong despite a more challenging trading environment. Group EBIT stood at €913.4 million, virtually flat year-on-year (YoY), translating into a margin of 29.2 percent versus 29.5 percent in FY24. Net profit reached €626.7 million compared to €639.6 million in the previous year, reflecting higher net financial expenses, while maintaining a margin of 20 percent.
Moncler reported revenue of €3.13 billion (~$3.69 billion) in FY25, up 3 percent at constant exchange rates, with a net profit of €626.7 million (~$739.5 million). Asia led regional growth, while DTC channels strengthened across all brands. Fourth-quarter revenue rose 7 percent, driven by strong performance from Moncler and Stone Island, as the group prepares for continued investment and leadership transition.
Regionally, the group recorded strong momentum in Asia, where revenue rose 7 percent at constant exchange rates to €1.42 billion, supported by demand in China and Korea and a recovery in tourism flows. The Americas increased by 5 percent to €391.1 million, while Europe, the Middle East and Africa (EMEA) decreased 3 percent amid moderate tourism-related traffic, Moncler said in a press release.
Channel performance highlighted the continued shift toward direct interaction. Moncler's direct-to-consumer (DTC) revenue increased 4 percent to €2.36 billion, representing almost 87 percent of the brand's sales, while wholesale trade decreased 4 percent as the group continued to improve the quality of distribution. Stone Island's DTC channel expanded 11 percent to €226.4 million, while the wholesale channel decreased 4 percent.
The group's financial position was further strengthened, with net cash reaching €1.46 billion at the end of the year after dividend payments of €353.2 million. The board proposed a dividend of 1.4 euros per share and approved the consolidated sustainability statement.
Remo Ruffini, President and CEO of Moncler, said: “Moncler and its board of directors wish to express their sincere gratitude to Gabriele Galateri di Genola for his dedication and the valuable contribution he has made throughout his more than ten years of mandate. His significant experience, the vision developed over many years in leadership positions in leading industrial and financial organizations, as well as his constant commitment to good governance, have represented a key reference point for our work. With gratitude, we extend our best wishes to Gabriele Galateri di Genola for the future.”
In the fourth quarter (Q4), the group achieved accelerated momentum, with revenue increasing 7 percent at constant exchange rates to €1.29 billion (~$1.52 billion). Moncler brand revenue reached €1.17 billion, an increase of 6 percent, while Stone Island recorded €123.1 million, an increase of 16 percent with double-digit growth across all regions.
Moncler's DTC channel advanced 7 percent despite a challenging comparable base in the quarter, supported by Asia and the Americas, while wholesale trade returned to growth, rising 2 percent. Stone Island saw a broad-based acceleration, with DTC revenue up 16 percent and wholesale revenue up 17 percent, partly reflecting changes in delivery times from the previous quarter.
Looking ahead, the group emphasized continued investment in brand development and organizational strengthening, including the appointment of Leo Rongone as group chief executive from April 2026, as it seeks to sustain long-term growth and value creation.
Fiber2Fashion News Desk (SG)
