Home / Knowledge / News / Fashion / Moncler net revenues jumps 13% in FY19

Moncler net revenues jumps 13% in FY19

12
Feb '20
Pic: Moncler
Pic: Moncler
Moncler, an Italy based apparel and lifestyle luxury brand, posted 13 per cent revenue growth in Q4 FY19 that ended on December 31, 2019. For full year Moncler grew 13 per cent to €1.6 billion. Consolidated gross margin in FY19 reached €1,265 million equivalent to 77.7 per cent of revenues attributed to retail channels growth, the group reported.
 
Selling expenses were €498.5 million or 30.6 per cent of the revenue growth. General and administrative were €148.5 million equal to 9.1 per cent revenues. Net income for FY19 grew 9 per cent to €361.5 million or 22.2 per cent of revenues.
 
In FY19, Italy recorded 10 per cent growth. The performance was driven by 21 per cent growth in retail channel during the fourth quarter. 
 
EMEA (Europe, the Middle East, and Africa) revenues rose 14 per cent in FY19 grew 19 per cent in Q4 led by UK, Germany and France. 
 
Asia and Rest of World (RoW) rose 13 per cent in the year and 9 per cent in Q4 notwithstanding the negative performance in Hong Kong SAR. Mainland China and Korea led the growth. 
 
Americas delivered good performance with 11 per cent growth in FY19 and Q4 both. 
 
Retail segment, driven by solid organic growth and space distribution grew 13 per cent to €1,256.9 million in FY19.
 
Group achieved 7 per cent comparable store sales growth in FY19.
 
The wholesale channel recorded 10 per cent growth at €370.8 million driven by the expansion of the wholesale mono brands stores network including the airport location and by the e-tailers. 
 
Considering the seriousness of current situation of the Coronavirus, Moncler reported difficulty in forecasting performance in FY20. 
 
The management in their strategies for the future outlook said that they will work towards strengthening the brand and follow the sustainable business development in line with its founding values. The group will also work towards selective expansion in product's categories.

Fibre2Fashion News Desk (JL)


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 30th Jul 2021

ILO outlines 3 scenarios for Asian garment sector recovery trajectory

Looking to the post-pandemic period, a new research brief by the...

Pic: Shutterstock

Retail | On 30th Jul 2021

UK retail sales up 0.5% MoM in June; clothing store sales down 4.7%

Retail sales volumes in the UK increased by 0.5 per cent in June 2021 ...

Pic: Shutterstock

Textiles | On 30th Jul 2021

Prime Content| Here's why global cotton trade will rise in July-Dec 2021

Global cotton trade is expected to rise in the coming months of 2021...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Chendhuran Sundar,

Chendhuran Sundar

It manufactures and retails menswear garments in India under the brand...

Chini Chouhan,

Chini Chouhan

Founded by Chini Chouhan, her eponymous brand specialises in women's...

Tony Naschberger,

Tony Naschberger

With production sites in Klagenfurt and Kufstein, Zimmer Austria is a...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search