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CHAIRMAN’S LETTER

Dear Shareholders,
2020 was a year for the history books, and in some ways, even more so for the history of Moncler.
A virus, all by itself, managed to erode our certainties. It forced us to rethink our priorities and decide who we really are as individuals, and even more so as a community and a business.

2019 1,627.7
m€
2020 1,440.4
m€
REVENUES

-12% at current exchange rates
-11% at constant exchange rates

FINANCIAL HIGHLIGHTS

In 2020, revenues decreased 11% to 1,440 million euros, with an acceleration in the second part of the year and, in particular, in the fourth quarter, which grew 8%. EBIT was equal to 369 million euros with a margin on sales of 26% while net cash surpassed 850 million euros.

ANNUAL REPORT 2020

Available starting from 22 April.

SUSTAINABILITY

2019 was an important year that reflected our commitment to integrating sustainability into the way Moncler works.