Moncler Spa Unsp/Adr

Good evening, this is the Coruscant Conference Operator. Welcome and thank you for joining the Moncler Group Full Year 2024 Financial Results Conference Call. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their telephone. At this time, I would like to turn the conference over to Ms. Elena Mariani, Group Strategic Planning and Investor Relations Director. Please go ahead, Madam.

Good evening, everybody, and thank you for joining our call today on Moncler's full year 2024 financial results. Let me introduce you to the speakers of today's call, Mr. Remo Ruffini, Moncler Group's Chairman and CEO, Luciano Santo, Chief Corporate and Supply Officer, Roberto Eggs, Chief Business Strategy and Global Market Officer, Gino Fisanotti, Montclair Chief Brand Officer, and Robert Trifus, Stone Island CEO. Before starting, I need to remind you that this presentation may contain certain statements that are neither reported financial results nor other historical information. Any forward-looking statements are based on group current expectations and projections about future events. By their nature, forward-looking statements are subject to risk uncertainties and other factors that could cause results to defer even materially from those expressed in or implied by these statements, many of which are beyond the ability of the group to control or estimate. I also remind you that the press has been invited to participate to this conference in a listen-only mode. Finally, I kindly ask you during the Q&A session to stick to a maximum of two questions per person to give all participants the opportunity to ask questions. Let me now hand it over to our chairman and CEO, Mr. Ruffini. Mr. Ruffini, over to you.

Good evening, everyone. I'm proud to say that in 2024, our group achieved remarkable results. Despite the complex and volatile environment, group revenues were above 3.1 billion euros. with both Montclair and Stone Island delivering double-digit growth in the DTC channel. We maintain a resilient EBIT margin at 29.5%. We reach 1.3 billion euros of cash on our balance sheet. Our sustainability efforts continue and have been recognized in key rankings. These results prove the solidity of our business model and our operational discipline. But as usual, results are more than just the numbers. It's about our search for uniqueness. It's about pushing creativity boundaries, never settling for the ordinary. Over the past year, we have focused even more on what makes our brand truly distinctive. The event of Moncler Grand Orb in St. Moritz and Moncler Genius in Shanghai were key moments, which reshaped the concept of brand experience. Stone Island also continued to reinforce its strong identity with powerful brand initiatives, building even stronger connections with new and loyal communities. As we move into 2025, we see a global macro environment still uncertain. Yet we are confident in our ability to navigate the future, inspired by what we believe since day one. Never compromise, never get bored, so we don't bore others. Always dream to make other dreams. Thank you. Thank you. I leave the floor to Gino.