As for the brand, Moncler contributed 1,039.0 million euros, with Asia leading regional growth of € 525.7 million, an increase of 4 percent, followed by Europe, the Middle East and Africa (EMEA) with € 365.4 million (−3 percent), and the Americas with € 147.9 million, 1 percent. Direct consumer income (DTC) for the brand increased 2 percent to € 883.2 million, while wholesale revenues decreased 6 percent to € 155.8 million.
Moncler Group has reported H1 2025 income € 1,225.7 million (~ $ 1,446.33 million), an interannual increase, with a growth in Asia compensating for the decrease in EMEA. Moncler and Stone Island published regional and channel mixed results. Ebit was € 224.8 million (~ $ 265.26 million). The income of the second quarter fell 1 percent to € 396.6 million (~ $ 468.99 million). The group is still cautious for H2.
Stone Island registered € 186.7 million in revenues, 1 percent less that Asia grew 14 percent to € 52.3 million, EMEA fell 5 percent to € 123.3 million, and the Americas fell 15 percent to € 11.1 million. DTC sales for Stone Island grew 8 percent, reaching 99.1 million euros, while the wholesaler decreased 9 percent.
The group's ebit stood at € 224.8 million (~ $ 265.26 million) with a margin of 18.3 percent, and the net result was € 153.5 million, which reflects a margin of 12.5 percent. The net cash was € 980.8 million after a dividend payment of 345 million euros.
In the second quarter (Q2) of 2025, group revenues were € 396.6 million (~ $ 468.99 million), 1 percent lower. Moncler's revenues reached 317.2 million euros, a 2 percent decrease, largely due to a deceleration on the DTC channel and a reduced tourist activity in EMEA and Japan, although the Americas showed a sequential improvement.
Stone Island served in the quarter, with the income that increased 6 percent to € 79.4 million. The DTC channel for Stone Island grew by 3 percent, while the wholesale improved 9 percent, driven by stronger performance in Asia and a better time of delivery compared to Q1.
“The first half of the year reminded us once again how unpredictable and complex it can be the world, and how companies must remain vigilant and agile while continuing to encourage their brands. These are moments that require a total approach to the execution of our strategy, with a strong discipline, rigor and flexibility,” he said, “he said. Remall Ruffini, President and Executive Director (CEO) in Moncler. “These are also times when we have to continue strengthening our brands through distinctive creativity, the relentless search for product excellence and sharing energy with our communities.”
“In the midst of continuous macroeconomic uncertainty, our group will continue to operate consistency and resilience, guided by a clear vision, a deep awareness of the present and the ambition to convert external challenges into future opportunities,” Ruffini added.
Moncler is still cautious when entering the second half (H2) of 2025, citing global economic and geopolitical uncertainties. The group reaffirmed its commitment to agile operations, brand investment and long -term sustainable growth, taking advantage of its heritage and culture promoted by innovation.
Fiber2Fashion News Desk (SG)
