Moncler reported a surge in global revenues for 2018, on the back of sales gains across all major markets, prompting a lift in profit at during the year.
Moncler said total revenues for the year ending December 31, 2018, increased 22% to 1.4 billion euros, compared to 1.2 billion euros in 2017.
For the twelve-month period, comparable sales at Moncler grew 18%, while revenues from the retail distribution channel reached 1.09 billion euros, representing an increase of 26%. The gains were made thanks to organic growth at the brand and further development of mono-brand retail stores, said the company in statement.
Wholesale was up 13% to 3.3 million euros, it said.
In Asia and rest of the world, revenues increased 28% at constant exchange rates in 2018.
However, Mainland China growth slowed in the fourth quarter due to a late starting of the winter season. The delivered good performances in Korea and in the Rest of Asia, despite the difficult currency conversion, added Moncler.
Moncler’s CEO Remo Ruffini praised his company’s performance, mentioning the successful launch of his Moncler Genius design initiate last year, and the company’s IPO five years ago.
“These are all milestones along a journey that has led us, once again in 2018, to record double-digit growth not only in all regions and distribution channels, but also for all economic indicators,” said Ruffini.
“In addition, in 2018, EBITDA exceeded 500 million euros with a 35 margin, net income grew by 33%, reaching 332 million euros and, more importantly, our cash generation continued to be very strong leading to a positive net financial position of 450 million euros.”
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In 2018, EBITDA adjusted came in at 500.2 million euros compared to 411.6 million euros in 2017.
At the end of 2018, Moncler operated 91 monobrand retail stores worldwide.