On October 26th, Italian luxury down brand Moncler released its latest earnings report. Thanks to the rapid growth in Asia, its total revenue rose 18% year-on-year to 873 million euros.
According to its financial report, in the first three quarters ended September 30, Moncler’s total revenue rose 18% year-on-year to 873 million euros, a 23% year-on-year increase at constant exchange rates.
During the period, Moncler’s sales growth in Asia and other parts of the world, including China, was the most significant, recording 32% to 339.1 million euros, accounting for 39% of total sales, which has become the brand’s largest market;
Its revenue in the Italian domestic market increased by 8% to 123.8 million euros;
In other European countries, the Middle East and Africa, Moncler’s sales in the first three quarters increased by 13% to 272 million euros;
Sales in the Americas and Canada rose 10% year-on-year to 138 million euros, an increase of 19% at constant exchange rates.