(Alliance News) - On Tuesday, the board of directors of Moncler Spa reviewed and approved the draft financial statements as of Dec. 31, with the group's net income amounting to EUR606.7 million, compared to EUR411.4 million in 2021.

The board of directors also approved the proposed distribution of a dividend

in the amount of EUR1.12.

In fiscal year 2022, the Moncler Group achieved consolidated revenues of more than EUR2.6 billion, up 25 percent from 2021. "These results include Moncler brand revenues of EUR2.2 billion million and Stone Island brand revenues of EUR401.1 million," the company specified in a note.

In 2022, the group's consolidated gross margin was EUR1.98 billion, accounting for 76.4 percent of revenues compared to 76.6 percent in 2021.

Ebit was EUR774.5 million with a margin of 29.8 percent, compared to EUR603.1 million in 2021 and a margin of 29.5 percent last year.

Net cash position as of December 31, 2022 was positive and EUR818.2 million, compared to EUR729.6 million net cash as of December 31, 2021.

"Looking ahead to 2023, the macroeconomic environment remains complex and characterized by continued uncertainty, but certainly not without opportunities. Despite the unpredictability of the scenario in which we operate, we face the year with confidence and energy, with the knowledge that we can count on a flexible and responsive organization and a clear strategic vision whose priority remains to continue to strengthen our brands, always engaging and inspiring new communities, "Beyond Fashion, Beyond Luxury," commented Chairman and CEO remo Ruffini.

Moncler closed Tuesday's trading in the red by 0.9 percent at EUR57.80 per share.

By Maurizio Carta, Alliance News reporter

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