Moncler, which went public with a high valuation of more than €2 billion last December, has reported a net profit of €76.1 million for 2013, up from €28.8 million in the previous year. On an adjusted basis, it grew by 17 percent to €96.3 million. Adjusted operating earnings before amortization remained stable as a percentage of sales at the high level of 33 percent.
The global turnover of the Italian apparel company rose by 19 percent to €580.6 million. On a currency-neutral basis, sales grew by 44 percent in the Americas and by 34 percent in Asia. In Italy, where Moncler is cutting down the number of wholesale accounts, sales went up by only 2 percent.
At the end of last year, Moncler had 135 stores, 107 of which were directly operated. Net debt declined from €717.1 million to €230.1 million in the course of the year, thanks in part to the public offering. The board of directors is proposing to pay dividends of €25 million for the year.
