Overview
- Full-year 2025 revenues rose 3% to €3.1 billion, topping consensus, with net profit at €626.7 million and operating profit at €913.4 million for a 29.2% margin.
- Fourth-quarter momentum accelerated, with group sales up 7% to €1.3 billion as Moncler grew 6% and Stone Island jumped 16%, both at record Q4 levels.
- Shares in Milan closed up about 13% to €57 after the results, as analysts cited earnings beats, stronger trading into 2026, and raised estimates.
- Governance changes are set: Remo Ruffini becomes executive chair on April 1, Bartolomeo Rongone takes over as CEO, and Roberto Eggs steps down March 1 but remains on the board.
- Management highlighted a €1.5 billion net cash position and pointed to growth led by Asia, softer EMEA trends tied to tourism, and continued investment to expand the footprint.