Beijing News Sh ell Finance (Re porter Meng Er) On October 31, the Beijing News Sh ell Finance reporter notic ed that the Italian Mon c ler Group Union (Mon c ler) has released important financial data for the third quarter of fiscal 202 3, ending September 30.
The Group ' s sales in the third quarter were € 1. 8 billion , up 16% year - on - year , sur passing the € 1. 55 billion in the same period last year .
Of these , sales in the third quarter amount ed to € 6 70 million .... This was a significant increase from € 5 80 million in the same period last year .
In particular , demand was strong in the Asian market , which recorded 25% growth year - on - year .
On the other hand , the company has also mainta ined stable sales in the European market , which is contribut ed by the recovery in demand from travel ers , an important customer segment .
The CEO of Mon c ler says our brand is flexible in respond ing to changing markets by continu ing to offer products that comb ine innovation and quality .
In order to meet the expect ations of our customers , we will continue to st rive for sustainable growth .
The company is focus ing on prom oting dig iti zation as a future growth strategy and ent ering new markets , and plans to strengthen its presence , particularly in Asia and the US .
In addition , as competition intensi fies in the lux ury market , Mon c ler is seek ing to gain new customer seg ments while mainta ining its brand value .
Follow ing the strong performance this fiscal year , Mon c ler also has an optimis tic out look for its full - year 2023 results .
This has also raised investor expect ations , which is expected to bo ost the stock price .
The company is expected to grow further with a business model that emph asi zes susta ina bility , while being sensitive to changes in the fashion industry .
Release date: 2025-05-24 00:58:58
