Italian luxury outwear brand Moncler noted an increase of 18 per cent in sales in 2016 fiscal year. Revenues in the review year stood at Euros 1.04 billion (US $ 1.1 billion), which in line with Thomson Reuters’ estimate of Euros 1 billion. Comparable store sales were also up 7 per cent in 2016. By the end of last year, the Group had 190 directly-owned stores, 17 more than at the end of 2015.
Remo Ruffini, Chairman and Chief Executive, Moncler averred he was convinced that the Group would continue to grow in 2017 as well. “In the last quarter of 2016, Moncler saw double-digit growth in all markets and across all channels, despite uncertain and volatile environment,” he mentioned. Adding to that, Robberto Eggs, Chief Operating Office of the company informed, “The Group has started talks with Dufry for new openings in airports; timing will depend on opportunities.”
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Luciano Santel, Chief Corporate Officer, Moncler also discussed the company’s growth drivers, attributing the majority of growth in 2016 from volumes, while prices remained mostly stable. He added that the Group plans to continue investing, making it imprudent to think of a better EBITDA margin in 2017 than in 2016.
