Moncler revenues up 18% in 2016
Luxury outerwear company Moncler, most famous for its stylish ski jackets, saw an incredible 18% rise in sales for full year 2016, letting it break the billion euro mark with €1.04 billion revenue. The company said that positive performance in regions such as China, Korea, and the U.S. were the driving force behind the uptick. The company saw a similar rise in net income – 17% - to €197 million.
Moncler’s share price has risen 26% over the past 6 months!
SOURCE: Yahoo Finance
Moncler’s chairman and CEO, Remo Ruffini, released a statement on the back of the results, claiming that the company would continue to grow throughout 2017. He added: “In the last quarter of 2016, Moncler saw double-digit growth in all markets and across all channels, despite an uncertain and volatile environment.”
In Asia, America’s and Rest of the World, Moncler saw turnover rise by an enviable 23% at constant currency. China and Korea were big contributors to Asian sales, while new store openings and well-performing retail and wholesale channels stoked sales in the Americas.
In Europe, the Middle East and Africa, revenues rose by 15%, again driven by a combination of retail and wholesale channels and new store openings.
Throughout the full year, Moncler was able to open an additional 17 directly owned stores, bringing the total number in operation at the end of 2016 to 190. It also managed to open 8 new wholesale “shop-in-shops”, for a total number of 42, by the end of the year.
Dominion holds Moncler in its Global Trends Luxury Fund.
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