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Moncler Group | Annual Report 2024 Board of Directors’ Report 64  | ’

Analysis of Stone Island brand revenues

In 2024, Stone Island brand revenues reached EUR 401.6 million,

a decrease of 1% cFX compared with 2023.

In the fourth quarter, revenues for the brand amounted

to EUR 109.2 million, up 10% cFX YoY.

Stone Island brand: revenues by geography

Moncler brand: revenues by channel

In 2024, the DTC channel recorded revenues of EUR 2,331.9

million, up 11% cFX compared with 2023. In the fourth quarter

of 2024, revenues increased by 9% cFX YoY, driven by

sequential improvements across all regions, despite a progressively

tougher comparable base.

The physical channel continued to outperform the online

channel, whose performance remained weak in the fourth quarter,

albeit improving substantially compared with the previous quarter.

In 2024, revenues by stores open for at least 12 months

(Comparable Store Sales Growth7) grew by 3% compared

with 2023.

The wholesale channel recorded revenues of EUR 375.4

million, a decline of 7% cFX compared with 2023. In the fourth

quarter, revenues in this channel declined by 7% cFX YoY,

impacted by still challenging market trends and by ongoing

ef forts to upgrade the quality of the distribution network.

7

Comparable Store Sales Growth CSSG

considers revenues growth from DOS

excluding outlets open for at least 52

weeks and the online store stores that

have been expanded andor relocated

are not included

MONCLER FY 2024 FY 2023% vs 2023

EUR/000%EUR/000%rep FX cFX

DTC 2,331,896 86.1% 2,163,920 84.1% +8%+11%

Wholesale 375,420 13.9% 409,239 15.9% (8%)(7%)

REVENUES 2,707,315 100.0% 2,573,159 100.0% +5%+8%

STONE ISLAND FY 2024 FY 2023% vs 2023

EUR/000%EUR/000%rep FX cFX

Asia 105,201 26.2% 89,441 21.8% +18%+23%

EMEA 268910 670 287506 699 67

Americas 27498 68 34111 83 1918

REVENUES 401609 1000 411058 1000 21

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