Half Year 2025 Moncler SpA Earnings Call Transcript
Key Points
- Moncler SpA (MONRF) reported group revenues of EUR1.226 billion for the first half of 2025, marking a 1% increase at constant FX.
- The Moncler brand saw a 1% revenue increase, with strong performance in the Americas, which was up 5% in Q2 year-on-year.
- The company achieved an EBIT of EUR225 million with a margin of 18.3%, and a net result of EUR153.5 million.
- Moncler SpA (MONRF) maintained a strong net cash position of EUR981 million at the end of June 2025, up from EUR846 million in June 2024.
- The Stone Island brand showed a 6% year-on-year revenue increase in Q2, driven by solid performance in Asia, particularly China and Japan.
- The Stone Island brand experienced a 1% revenue decline in the first half of 2025.
- Moncler SpA (MONRF) faced a 2% year-on-year revenue decline in Q2 for the Moncler brand, primarily due to a slowdown in the D2C channel.
- EMEA revenues were down 8% in Q2 year-on-year, impacted by a slowdown in tourist flows across the region.
- The company's operating margin decreased to 18.3% from 21% last year, partly due to higher marketing spending.
- Japan's performance was negative, contributing to a flat performance in Asia for Q2, affected by currency fluctuations and reduced Chinese tourism.
Good evening. This is the Chorus Call conference operator. Welcome, and thank you for joining the Moncler Group first half 2025 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 Group's first half 2025 financial results. As usual, let me introduce you to the speakers of today's call. Besides myself, you have Luciano Santel, Chief Corporate and Supply Officer; Roberto Eggs, Chief Business Strategy and Global Market Officer; and Gino Fisanotti, Moncler's Chief Brand Officer.
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 group's current expectations and
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