Moncler, through the issuance of an interim report, said consolidated group revenues on a constant-currency basis rose 32 percent during the first nine months of 2002 to €1,556.6 million. Third-quarter group sales increased 12 percent year-over-year on a constant-currency basis to €638.3 million. Moncler brand nine-month revenues were 21 percent higher at €1,252.5 million and rose 13 percent in the third quarter, with direct-to-consumer sales up 21 percent during the period.
Regionally, EMEA Moncler brand sales rose 16 percent on a constant-currency basis, driven by strong demand from local customers and U.S. tourists. France, Germany and Italy contributed the most growth in the period. The EMEA’s DTC business increased at a “high double-digit rate” in the third quarter. In Asia, meanwhile, third quarter, Moncler brand sales jumped by 14 percent, driven by a re-opening in China and strong sales contributions from Korea and Japan. America’s nine-month sales rose by 18 percent on a constant-currency basis and were up by 6 percent in the third quarter.
Stone Island brand sales increased 23 percent on a constant-currency basis to €304.1 million for the nine months ended Sep. 30. The brand’s third quarter sales were 8 percent higher year-over-year. At the beginning of August, Stone Island Japan was established as a joint venture majority-owned by Stone Island that manages 16 retail stores in the market. In the EMEA, nine-month Stone Island sales increased by 14 percent on a constant-currency basis to €218.0 million and were up 1 percent in the third quarter due to a change in the timing of shipments to wholesalers. Asian revenues grew 66 percent on a constant-currency basis to €52.4 million during the first nine months and were up 45 percent in the third quarter. Americas’ nine-month revenues increased 40 percent on a constant-currency basis (11.1% reported) to €33.7 million and 21 percent higher in the third quarter.
