Moncler reports preliminary revenue rise of 19 percent in 2013

REPORT_ The Board of Directors of Moncler has examined and approved

the preliminary consolidated results for the financial year ended December 31, 2013. In financial year 2013, Moncler reported revenues of 580.6 million euros (797.9 million dollars), a 19 percent increase at current exchange rates, compared to 489.2 million euros (672.3 million dollars) for financial year 2012, and up 25 percent at constant exchange rates. Growth was significant in all geographic areas and across all distribution channels.

In the course of 2013, Moncler recorded double-digit growth in all its international markets. In the Americas, the company registered growth of 44 percent at constant exchange rates, driven by the strong performance of the retail channel but also by the good performance of the wholesale channel in the United States and Canada.

In Asia, Moncler’s sales revenues grew 34 percent at constant exchange rates due to the strong growth recorded in the Japanese and the Chinese market. On a current exchange rates basis, the performance of this region suffered from the negative trend of the yen in relation to the euro. The EMEA countries recorded revenue growth at constant exchange rates of 28 percent with good performances in France, the UK and Germany. Italy showcased a positive performance of over 2 percent.

Commenting on the financial development, at Milan-based Moncler, Remo Ruffini, Chairman and CEO, said, “2013 will always be remembered as a significant year in Moncler’s history. It was the year that marked not only the tenth anniversary of the brand’s re-launch and the successful conclusion of the listing process, but it was also another year of double-digit growth.”

The draft financial statements for the year ended December 31, 2013, including the results of the other brands division, will be examined by the Board of Directors in its meeting scheduled for March 28, 2014.