233 SePARATe FInAnCIAL STATeMenTS232 SePARATe FInAnCIAL STATeMenTS MONCLER GROUP 2023

AMeRICAS north and South America.

APAC China, South-east Asia, Australia and new Zealand.

ASIA APAC, Japan and Korea.

AUdIT Systematic and documented assessment (by an independent body) to verify compliance with the requirements of a given law/ standard of reference.

CAGR (COMPOUnded AnnUAL GROWTH RATe) Compounded Annual Growth Rate.

COMPARABLe STORe SALeS GROWTH (CSSG) Growth at comparable exchange rates of revenues generated by directly managed stores dOS (excluding outlets) which have been opened for at least 52 weeks and by the online store (.com); stores that have been extended and/or relocated are excluded from the calculation.

COnCeSSIOn directly operated mono-brand retail store located on the premises of a department store/shopping mall.

dePARTMenT STORe Large retail establishment with an extensive assortment in variety and range of goods, organised into separate departments.

dIReCT-TO-COnSUMeR (dTC) distribution channel that includes both revenues generated by the physical stores directly managed (dOS), and by the direct online channel.

dOS directly Operated Store, including free-standing stores, conces- sions, travel retail stores and factory outlets.

dOORS Wholesale stores, both multi-brand and mono-brand, where the brands are present.

eBIT earnings Before Interest and taxes (Operating results).

eBITdA earnings before Interest, Taxes, depreciation and Amortisation.

e-COnCeSSIOn Online sales generated through third-party digital platforms and managed directly by the brand.

eMeA europe, United Kingdom, Middle east and Africa.

e-TAILeR Shop on digital platforms managed by third parties.

FAÇOnISTA Third party supplier carrying out cut-make-trim phase (façon) of the production cycle according to the so-called industrialised method.

FLAGSHIP STORe A mono-brand retail store which by its size and/or location conveys the philosophy and image of the brand.

FRee STAndInG STORe A retail store that is located directly on a street, i.e. not in a depart- ment store or shopping mall.

GLOSSARY