Moncler Group | Annual Report 2024 Consolidated Financial Statements 388 Moncler Group | Annual Report 2024 Consolidated Financial Statements 389

per share of EUR 302.5 million distributed in 2023 (EUR 303.4

million dividends paid in 2023).

The change in the IFRS 2 reserve is due to the accounting

treatment of the performance share plans, i.e., to the recognition

of the f igurative cost for the period relating to these plans

and the reclassif ication to retained earnings of the cumulative

f igurative cost of the plans already closed.

The change in retained earnings mainly relates to the allocation

of 2023 result, the dividend distributions, t

he above-mentioned

reclassif ication of the IFRS 2 reserve and the adjustment to the

market value of the f inancial liabilities to non-banking third parties.

The caption FTA reserve includes the ef fects

of the initial application of the IFRS 16.

The caption other reserves includes other comprehensive

income comprising the exchange rate translation reserve

of f inancial statements reported in foreign currencies, the reserve

for hedging interest rate risks and exchange rates risks

and the reserve for actuarial gains/losses. The translation reserve

in

cludes the exchange dif ferences emerging from the conversion

of the f inancial statements of the foreign consolidated companies.

The hedging reserve includes the ef fective portion of the net

dif ferences accumulated in the fair value of the derivative hedge

instruments. Changes to these reserves were as follows:

OTHER COMPREHENSIVE INCOME Cumulative translation adj. reserve

EUR/000 Value before

tax effect

Tax effect Value after

tax effect

RESERVE AS AT 1 JANUARY 2023(11,514)0(11,514)

Changes in the period(28,780)0(28,780)

Translation differences

of the period

0 0 0

Reversal in the income statement

of the period

0 0 0

RESERVE AS AT 31 DECEMBER 2023(40,294)0(40,294)

RESERVE AS AT 1 JANUARY 2024(40,294)0(40,294)

Changes in the period(873)0(873)

Translation differences

of the period

0 0 0

Reversal in the income statement

of the period

0 0 0

RESERVE AS AT 31 DECEMBER 202441167041167

Other OCI items

Value before

tax effect

Tax effect Value after

tax effect

(733)174(559)

(6,416)1,542(4,874)

0 0 0

0 0 0

(7,149)1,716(5,433)

(7,149)1 .716(5,433)

(994)249(745)

0 0 0

0 0 0

814319656178

Earning per share

Earning per share for the years ended 31 December 2024 and

31 December 2023 is included in the following table and

i

s based on the relationship between net income attributable

to the Group and the number of outstanding shares.

The diluted earnings per share is in line with the basic

earnings per share as at 31 December 2024 as there

were no signif icant dilutive ef fects arising from stock based

compensation plans.

It should be noted that, for the diluted earnings per share

calculation, the treasury share method has been applied, prescribed

by IAS 33 paragraph 45 for stock-based compensation plans.

6. Segment information

For the purposes of IFRS 8 “Operating segments", the activity

carried out by the Group can be identif ied in the operating

segments referring to the Moncler business and the Stone Island

business. However, these operating segments were aggregated

into a single reportable segment, consistent with the core principle

of IFRS 8 as the segments have similar economic characteristics

and share common features ie

the nature of the products

the nature of the production processes

the type of customers

the distribution channels

EARNINGS PER SHARE

2024 2023

Net result of the period (Euro/000)639,596 611,931

Average number of shares related

to parent’s Shareholders

270,522,873 270,106,476

Earnings attributable to Shareholders

(Unit of Euro)

2.36 2.27

Diluted earnings attributable to Shareholders

(Unit of Euro)

2.36 2.26