Moncler FY20 revenues fall 12% to €1,440 mn

Fashion

Moncler FY20 revenues fall 12% to €1,440 mn

19 Feb `21

2 min read

Moncler, an Italy based apparel and lifestyle luxury brand, has reported 12 per cent revenues decline to €1,440.4 million in its complete fiscal 2020 that ended on December 31, 2020, compared to the revenues of €1,627.7 million in the previous year. Company’s net income for full year decreased to €300.4 million (FY19: €358.7 million).

 

Moncler, an Italy based apparel and lifestyle luxury brand, has reported 12 per cent revenues decline to €1,440.4 million in its complete fiscal 2020 that ended on December 31, 2020, compared to the revenues of €1,627.7 million in the previous year. Company`s net income for full year decreased to €300.4 million (FY19: €358.7 million). #

Gross margin during FY20 was €1,089.6 million (€1,265.3 million). EBIT (earnings before interest and taxes) slipped to €368.8 million (€491.8 million).

 

Moncler, an Italy based apparel and lifestyle luxury brand, has reported 12 per cent revenues decline to €1,440.4 million in its complete fiscal 2020 that ended on December 31, 2020, compared to the revenues of €1,627.7 million in the previous year. Company`s net income for full year decreased to €300.4 million (FY19: €358.7 million). #

Revenues in Italy reported 34 per cent decrease to €122.3 million (€185.0 million). While in EMEA (Europe, Middle East and Africa) revenues fell 18 per cent to €379.5 million (€463.5 million), and in Americas it dropped 16 per cent to €220.7 million (€263.9 million). On the other hand, Asia’s revenue remained stagnant at  €717.9 million (€715.2 million).

 

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