Moncler Group | Annual Report 2024 Board of Directors’ Report 70  | ’

The Board of Directors also approved the 2024 results of the

parent company Moncler S.p.A.

Revenues were equal to EUR 491.9 million in 2024, an

increase of 4% compared with revenues of EUR 473.0 million

in 2023, mainly including the proceeds of the licensing

of the Moncler and Stone Island brands.

General and administrative expenses, including stock-based

compensation costs, were EUR 84.1 million, equal to 17.1%

on revenues (16.9% in 2023). Marketing expenses were EUR 82.5

million (EUR 98.4 million in 2023), equal to 16.8% on revenues

(20.8% in 2023).

In 2024, net f inancial income was equal to EUR 416.6 million

compared with EUR 24.2 million of net f inancial expenses

in 2023, owing to the EUR 436.0 million in dividend payments

received from the subsidiaries.

In 2024, taxes were equal to EUR 90.0 million compared

with EUR 74.7 million in 2023.

Net income was EUR 651.9 million, an increase of 233%

compared with EUR 195.7 million in 2023, mainly due

to the above-mentioned dividend payments received from

the subsidiaries.

Moncler S.p.A balance sheet includes shareholders’ equity

of EUR 1,783.5 million at 31 December 2024, compared with

EUR 1,398.6 million at 31 December 2023, and a net

f inancial position negative and equal to EUR 115.4 million

(EUR 600.6 million as of 31 December 2023), including

the lease liabilities derived from the application of the IFRS 16

accounting principle equal to EUR 0.5 million.

Performance of the parent company

Moncler S.p.A.

Moncler S.p.A.: reclassif ied income statement

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

REVENUES 491,918 100.0% 473,022 100.0%

General & Administrative

expenses

(84,110)(17.1%) (80,003)(16.9%)

Marketing expenses(82,517)(16.8%) (98,421)(20.8%)

EBIT 325,291 66.1% 294,598 62.3%

Net f inancial income

expenses

416641 847 2417851

EBT 741932 1508 270420 572

Taxes90046183 74685158

NET RESULT 651886 1325 195735 414

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