• H1 net profit EUR18.1m, up from EUR8.3m
  • Revenues up 19% to EUR218.3m
  • Asia and Americas driving growth

Luxury apparel business Moncler recorded good boosts to first half revenues and profit thanks to strong growth around the world, and especially in Asia and the Americas.

The Italy-headquartered company’s own retail stores recorded a 10% increase in comparable store sales, with the chairman and CEO Remo Ruffini reporting “initial positive signs” for its autumn/winter collection.

He also highlighted the continuing international expansion of Moncler’s store network, currently at 144 outlets and due to pass 160 by the end of the year.

“We continue our investments in product categories complementary to our core business and I am particularly pleased with our progress there,” Ruffini added, noting a number of new projects in outerwear.

Sales in Asia/Rest of the World were up 48% at constant currencies, thanks to “solid” growth in China and Japan, while wholesale and revenue increases helped the company record a 33% revenue rise in the Americas.

Meanwhile, EMEA sales rose 16% on growth in France, Turkey and the UK, while revenues in Italy edged up 1%.