Moncler's first-quarter revenue beats expectations as Asian demand holds up

Reuters

Wed, Apr 16, 2025, 9:56 AM 1 min read

MILAN (Reuters) - Italian luxury outerwear radical Moncler connected Wednesday reported a stronger than expected 1% summation successful gross successful the archetypal 4th acknowledgment mostly to direct-to-consumer income and Asian demand.

Revenues for the 3 months to the extremity of March totalled 829 cardinal euros ($944 million), up of a company-provided analysts' statement of 817 cardinal euros.

The alteration is not affected by currency moves with the summation the aforesaid astatine some changeless and existent speech rates.

Sales for the Moncler marque roseate 2% successful the period, with nary currency impact, with Asia performing amended than Europe and the Americas.

Revenues astatine the group's smaller marque Stone Island declined 5% contempt a double-digit summation successful nonstop sales, portion Asia outperformed different regions.

The company's wholesale concern was heavy impacted by a quality successful timing of deliveries betwixt the archetypal and 2nd 4th compared to past twelvemonth and the ongoing enactment of a distributor.

Moncler Chief Executive Remo Ruffini said successful a connection the radical strived to thrust the situation posed by a precise unstable macroeconomic backdrop with its "strong operational discipline".

The marketplace turmoil triggered by U.S. tariffs has enactment further unit connected the luxury sector, which has faced a slowdown successful planetary luxury request implicit the past year.

Luxury radical LVMH said connected Monday that revenues astatine its leather and manner goods portion dropped 5% successful the archetypal quarter.

Last year, Moncler bucked the assemblage slowdown, besides acknowledgment to sustained maturation successful Asia, its main market.

The radical made lone 14% of its revenues successful the Americas portion successful 2024.

($1 = 0.8786 euros)

(Reporting by Elisa Anzolin and Valentina Za. Editing by Jane Merriman)