Moncler revenue increase 16 percent for H1

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The company said on Wednesday its H1 net profit increased. Compared with the same period last year, revenues increased by 16 percent.

The company's net profit for H1 was 71.3 million euro, grew from 61.6 million euro a year earlier. Revenues grew to 570.2 million euro.

Beginning in 1952 as a maker of quilted sleeping bags, a single model of a lined hooded cape and tents with a telescopic structure and an external flysheet, Moncler today is known for it famous down jacket apart from its constant technological research assisted by experts in activities linked to the world of the mountain. The Moncler outerwear collections is a combination of the extreme demands of nature with those of city life. The maker of extreme weather clothing and accessories is based in Italy, and is currently listed in Borsa Italiana. Headquartered in Italy, Moncler offers men's and women's extreme weather clothing and accessories.

As of 2019, Moncler has more than 3,500 employees and operates over 200 stores.