33 MOnCLeR GROUP32 MOnCLeR GROUP MONCLER GROUP 2023
The economic value generated and distributed represents a com- pany s ability to create wealth and distribute it among its stake- holders. In 2023 the economic value generated by the Moncler Group amounted to 3,016 million euros, with an increase of ap- proximately 15% compared to 2022. The economic value distribut- ed by the Group thus increased from 2,048.1 million euros in 2022 to 2,423.6 million euros in 2023, with an increase of 18%. Around 80% of the value created by the Moncler Group was distributed to internal and external stakeholders while the remaining 20% was retained within the Group.
eCOnOMIC VALUe dISTRIBUTed
ECONOMIC VALUE GENERATED AND DISTRIBUTED
THOUSAND EUROS Moncler Group 2023 2022 economic value generated by the Group 3,016,652 2,620,602 Revenues 2,984,217 2,602,890 Other income 23,672 18,589 Financial income 11,333 3,455 Value adjustments to financial assets - - Impairment of receivables -360 -1,323 exchange rate gains (losses) -2,210 -4,480 Gains (losses) from disposal of tangible and intangible assets -7 1,389 Value adjustments of tangible and intangible assets 7 82 Economic value distributed by the Group 2,423,639 2,048,108 economic value distributed to suppliers11 1,392,511 1,234,976 economic value distributed to employees 422,477 336,417 economic value distributed to lenders 32,334 26,273 economic value distributed to shareholders12 310,657 302,525 economic value distributed to public administration13 265,016 146,945 economic value distributed to the community 644 972 Economic value retained by the Group 593,013 572,494 depreciation and amortisation 291,700 264,917 Provisions 68 3,396 Reserves 301,244 304,181
VALUE CREATION FOR STAKEHOLDERS
1.3% Lenders
0.1% Community
57.5% Suppliers11
10.9% Public administration13
12.8% Shareholders12
17.4% employees
11 Refers to suppliers of goods and services. 12 The amount for 2023 is estimated on the basis of the proposed dividend. The
amount for 2022 was adjusted on the basis of the dividend actually paid. 13 The economic value distributed to public administration also includes de-
ferred taxes.
FInAnCIAL InSTRUMenTS LInKed TO SUSTAInABILITY PeRFORMAnCe
Also in the realm of financial products, Moncler is testing and adopting new mechanisms tied to sustainability performance. In november 2020 Moncler signed an exchange risk hedging agreement with a reward in terms of improve- ment of the hedging strike on currencies based on the recognition of high stan- dards of sustainability by an external, independent rating body.