Moncler Remains Committed To Changing Its Business Strategy

In the first quarter, the gross profit margin of Moncler SpA increased by 150 basis points to 73.8%, the adjusted EBIT profit margin increased by 120 basis points to 28.5%, the core EBITDA profit margin increased 170 basis points to 32.7% after adjustment, the net interest rate rose 360 basis points to 19.7%, and net profit rose 68.5%, from 23 million 500 thousand euros to 39 million 600 thousand euros in the same period last year.

It is worth mentioning that Moncler SpA rose 25% in the same store in the first quarter.

Moncler SpA shares closed down 16.21 euros on Tuesday, down 2.41%, but the stock has risen by more than 45% so far this year.

Italy luxury luxury down maker Moncler SpA (MONC.MI) announced its first quarter earnings yesterday. By March 31, 2015, Q1's revenue rose 38%, from 145 million 400 thousand euros a year earlier to 201 million euros, much higher than the 177 million euro analysts expected by Thomson Reuters and a 30% increase in fixed exchange rates.

Outstanding performance in the first quarter mainly benefited from low euro and strong performance in international markets such as North America, China and Japan.

In the first quarter,

SpA North America market revenue recorded 85% of the excellent performance, the fixed exchange rate increased by 61%, followed by the Asia Pacific market, benefiting from China, Hongkong, Japan,

Such as the regional market's good performance, the Asia Pacific market grew by 66% in the first quarter, and the fixed exchange rate increased by 48%. The local market in Italy dragged the whole sector. The 7% increase in the first quarter was far behind the average increase; the EMEA market increased by 21%, and the fixed exchange rate increased by 19%.

The share of the four major markets is 13%, 38%, 17% and 32% respectively.

Moncler SpA continues to pform its business strategy.

Income accounted for a further increase of 69% in the first quarter, compared with 56% in the same period last year. The Q1 revenue of the channel registered a high growth rate of 69%, a fixed exchange rate increase of 54%, from 81 million 800 thousand euros a year earlier to 138 million 100 thousand euros; wholesale channel revenue fell 1%, from 63 million 600 thousand euros in the same period last year to 62 million 900 thousand euro dollars, and the fixed exchange rate dropped by 2%.

As of March 31, 2015, the group operated 181 stores, a year-on-year growth of 9, including 151 retail outlets, 17 year-on-year growth, all in the Asian market. In the first quarter of this year, the market increased by 5, while the wholesale channel decreased by 8.

Moncler SpA said the group will also add 20 Direct stores before the current fiscal year.