Full Year 2024 Moncler SpA Earnings Call Transcript
Key Points
- Moncler SpA (MONRF) achieved group revenues above EUR3.1 billion in 2024, with both Moncler and Stone Island delivering double-digit growth in the DTC channel.
- The company maintained a resilient EBIT margin at 29.5% and reached EUR1.3 billion of cash on its balance sheet.
- Moncler SpA's sustainability efforts have been recognized in key rankings, showcasing their commitment to environmental and social responsibility.
- The Moncler Grenoble event in St. Moritz and Moncler Genius in Shanghai were successful in reshaping the brand experience and increasing global brand awareness.
- Stone Island has focused on refining its product offering, elevating its distribution footprint, and establishing a distinctive brand positioning, leading to improved brand visibility and engagement.
- The global macro environment remains uncertain, posing potential challenges for future growth.
- Moncler SpA's wholesale revenues declined by 7% in 2024, impacted by challenging market trends and distribution upgrades.
- Stone Island's total revenues decreased by 1% compared to 2023, indicating a need for further brand development and market penetration.
- The company faces a high comparable base and macroeconomic conditions that could affect future performance, particularly in key markets like Japan and Korea.
- Despite positive results, Moncler SpA's operating profit margin slightly decreased from 30% in the previous year to 29.5% in 2024.
Good evening. This is the Chorus Call conference operator. Welcome, and thank you for joining the Moncler Group Full Year 2024 Financial Results Conference Call. (Operator Instructions).
At this time, I would like to turn the conference over to Ms. Elena Mariani, Group Strategic Planning and Investor Relations Director. Please go ahead, madam.
Good evening, everybody, and thank you for joining our call today on Moncler's Full Year 2024 Financial Results. Let me introduce you to the speakers of today's call: Mr. Remo Ruffini, Moncler Group's Chairman and CEO; Luciano Santel, Chief Corporate and Supply Officer; Roberto Eggs, Chief Business Strategy and Global Market Officer; Gino Fisanotti, Moncler Chief Brand Officer; and Robert Triefus, Stone Island CEO.
Before starting, I need to remind you that this presentation may contain certain statements that are neither reported financial results nor other historical information. Any forward-looking statements are based on
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