Core Viewpoint - Moncler Group's revenue for the first three quarters of 2025 remained stable year-on-year at €1.8413 billion, with a slight decline of 1% when calculated at current exchange rates [1] Group Performance - The overall revenue of the Moncler brand was €1.5532 billion, showing no change year-on-year at constant exchange rates, while a 1% decline was noted at current exchange rates [1] - Direct-to-Consumer (DTC) channels showed slight improvement, remaining stable year-on-year at constant exchange rates, with strong performance in the Americas and China, while Europe, the Middle East, Africa, and Japan struggled due to a downturn in tourism [1] - The wholesale channel also saw a slight improvement, but due to the brand's ongoing efforts to enhance channel quality, this led to a 4% decline year-on-year at constant exchange rates [1] Brand Performance - Stone Island brand revenue reached €288.1 million, reflecting a 1% decline year-on-year at constant exchange rates, with a similar decline noted at current exchange rates [1] - The DTC channel for Stone Island accelerated with double-digit growth, achieving an 11% increase year-on-year at constant exchange rates, although adjustments in delivery schedules between the third and fourth quarters compared to the previous year led to a decline of 8% in the wholesale channel [1]

Group 1 - The core financial performance of Moncler Group for the first half of 2025 includes a consolidated revenue of €1.2257 billion, reflecting a 1% increase at constant exchange rates and flat growth at current exchange rates [1] - The group's EBIT for the first half of 2025 was €224.8 million, with an EBIT margin of 18.3%, compared to €258.7 million and a margin of 21.0% in the same period of 2024, primarily due to adjustments in marketing expenses [1] - The net profit for the group was €153.5 million, resulting in a profit margin of 12.5% [1] Group 2 - Moncler brand revenue for the first half of 2025 was €1.039 billion, showing a 1% increase at constant exchange rates and flat growth at current exchange rates; the second quarter saw a 2% decline at constant exchange rates, mainly due to a slowdown in DTC channel growth [1] - Stone Island brand revenue was €186.7 million, with a 1% decline at constant and current exchange rates; however, the second quarter saw a 6% increase at constant exchange rates, driven by growth in DTC and wholesale channels [1] Group 3 - The CEO of Moncler Group, Remo Ruffini, emphasized the importance of creative design and community engagement to strengthen brand power while maintaining resilience and stable operations in response to external challenges [2]