(Finance) – Moncleran Italian luxury company listed on Euronext Milan, closed on first quarter 2022 with revenues equal to 589.9 million euros, up 61% compared to the first quarter of 2021 (+ 60% at constant exchange rates, cFX) and + 58% cFX compared to the first quarter of 2019. In particular, revenues from Moncler brand amounted to 473.4 million, up 30% compared to the first quarter of 2021 (+ 29% cFX) and + 27% cFX compared to the same period of 2019. China grows double-digit in the quarter compared to the same period last year, despite the lockdowns in March, and doubles the turnover compared to Q1 2019. Further acceleration the DTC channel and the USA compared to pre-pandemic levels.
The revenues of the Stone Island brand amounted to 116.5 million euros, up 32% compared to 88.1 million in the first quarter of 2021, not consolidated in the Group’s results (+ 31% cFX), and 67% compared to the first quarter of 2019 .
“2022 has started with important results for our group – commented theCEO Remo Ruffini – In the quarter, revenues grew by 60% compared to last year with a strong contribution from both of our brands. Moncler, in particular, recorded an excellent performance even compared to the pre-pandemic levels with all regions in solid double-digit growth and DTC and USA in further acceleration “.
“But, as I often say when commenting on the first quarter, the year has just begun – he added – And today this sentence seems to have even more importance given the protracted health emergency in some parts of the world and the conflict in Ukraine. Nevertheless, I remain confident for the future. We have brands with great unexpressed potential and still unexplored territories; communities to be strengthened and new to reach; a flexible organization, ready to welcome the challenges and opportunities of the sector, and a strong and distinctive vision that always knows how to evolve to continue to be a source of inspiration “.