MILANO – The Moncler by Remo Ruffini announces record results, erases all effects of the pandemic and in 2021 completely absorbs the 551.2 million euros spent on Stone Island finding himself with a net cash of just under 730 million.
Revenues increased by 42% to 2.046 billion euros, a figure that includes the 9-month consolidation of revenues of the Stone Island brand (1 April – 31 December 2021 equal to 221.9 million, which would have been 310 in the calendar year ). Net operating income almost doubled to 603.1 million (compared to 368.8 million in 2020 and 491.8 million in 2019) with a percentage incidence on revenues of 29.5% (25.6% in 2020 and 30.2% in 2019), while net profit flew to 411.4 million (300.4 million in 2020 and 358.7 million in 2019). In the 12 months, the company generated 550.3 million, more than what was spent to take over the Carlo Rivetti group, without considering the share capital increase (1.15 billion in total).
“Moncler’s 2021 can be summed up in three words: group, vision, results – he says Remo Ruffini – Group because the integration process with Stone Island has begun, which is already giving very positive results. Vision because in this ‘never normal world‘, our vision remains solid and clear: we must continue to feed and expand our communities, to integrate sustainability into every business decision, and we must ensure that digital is increasingly the engine of change and evolution. And finally results because also in 2021 we have achieved excellent results thanks to the ability of all our people to carry out challenging projects always with great rigor and energy “.
In 2022, the company led by Ruffini celebrates Moncler’s 70 years and Stone Island’s 40 years, while for the first time last year it broke through 2 billion in down jackets and sweaters. “The year ahead of us – concludes Ruffini – began with many uncertainties in particular on the geopolitical front, which are added to the already complex economic and health context, but also with important positive indicators for our group that make me confident for the future”.