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Moncler Group | Annual Report 2024 Board of Directors’ Report 62  | ’

Introduction

In accordance with Article 40, paragraph 2 bis of the Legislative

Decree 127 of 09/04/91, the Parent Company has prepared

the Directors’ Report as a single document for both the separate

f inancial statements of Moncler S.p.A. and the Group consolidated

f inancial statements.

Consolidated revenues

In 2024, Moncler Group reached consolidated revenues of EUR

31089 million up 7 cFX compared with 2023 These results

include Moncler brand revenues of EUR 27073 million and

Stone Island brand revenues of EUR 4016 million

In the fourth quarter Group revenues were EUR 12432 million

up 8 cFX compared with the same period of 2023

The Moncler and Stone Island brands recorded revenues equal

to EUR 11341 million and EUR 1092 million respectively in Q4

Economic results

Following is the reclassif ied consolidated income statement

for FY 2024, compared with FY 2023 f inancial data.

Performance of the Moncler Group

EUR/000 FY 2024% on revenues FY 2023% on revenues

REVENUES 3,108,924 100.0% 2,984,217 100.0%

YoY performance +4%+15%

GROSS PROFIT 2,426,557 78.1% 2,300,830 77.1%

Selling expenses(937,349)(30.2%) (868,062)(29.1%)

General & Administrative

expenses

(351,656)(11.3%)(331,231)(11.1%)

Marketing expenses(221,228)(7.1%)(207,698)(7.0%)

EBIT 916,324 29.5% 893,839 30.0%

Net f inancial income /

(expenses)

(6,515)(0.2%) (23,204)(0.8%)

EBT 909,809 29.3% 870,635 29.2%

Taxes(270,213)(8.7%)(258,733)(8.7%)

Tax rate 29.7% 29.7%

GROUP NET RESULT 639,596 20.6% 611,931 20.5%

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