Turnover Increased By 20% In Moncler2014

The Group recorded a record turnover in 2014, thanks mainly to the performance of the Asian and US markets and its proprietary stores.

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Last year's turnover increased by 20% to 694 million 200 thousand euros (21% at fixed exchange rate) and net profit increased by 71% to 130 million 300 thousand euros from 76 million 100 thousand euros in 2013.

The reason for this increase is more than 70% because the net profits in 2013 include other brands of the group (Marina Yachting, Henry Cotton's, Coast Weber & Ahaus and authorization).

18CRR81 Cerruti) a net loss of up to 16 million euros. They were all sold to Emerisque Brands investment fund in November 2013.

If the deficit is eliminated, Moncler's profit in 2013 will rise to 92 million 100 thousand euros.

Moncler recorded a pre tax profit of Ebit of 206 million 600 thousand euros (19.7% growth) last year, and the profit margin before depreciation and amortization of Ebitda was 232 million 900 thousand euros (21.5%).

In addition to the steady volume of sales in Italy, the Group recorded double-digit growth in all markets.

Asia has become the largest market for Moncler, accounting for 33.9% of its total sales.

In South Korea, especially, in South Korea, the brand took back the right to operate, bought 12 stores from its partner Shinsegae, and set up a joint venture with it since it began operation in January this year. The group has a 51% stake in the joint venture company.

Sales of Moncler group in Asia in 2014 increased by 29%, mainly due to good performance in China and Japan, with a turnover of 235 million 100 thousand euros (35% by fixed exchange rate).

The Americas saw a record increase of 42% to 95 million 600 thousand euros, while Europe and the Middle East grew 16% to 232 million 700 thousand euros, thanks mainly to the good performance of France, Germany and the United Kingdom.

In Italy, sales in 2014 were unchanged from last year, mainly due to the group's choice of multi brand store strategy, which will continue this year.

The growth of Moncler turnover continued to benefit from the performance of its own stores. Its sales increased by 29% to 430 million 600 thousand euros, accounting for 62% of the group's total turnover.

The same store grew by 8%.

As of 31 2014, the group had 172 single brand stores, of which 134 were self owned stores.

The group announced that it will increase 20 new stores in 2015, especially in the opening of a new store in Ginza, Tokyo.

Sales of multi brand sales channels increased by 7% to 263 million 500 thousand euros, mainly thanks to the promotion of the international market.

As of December 31, 2014, the group's net negative debt amounted to 111 million 200 thousand euros, down from 171 million 100 thousand euros a year ago.

Although investment increased by 50 million 200 thousand euros last year, it still brought cash income of up to 86 million 800 thousand euros in 2014.

Moncler also announced that the board of directors would propose a dividend of 0.12 euros to the shareholders' meeting.