Italian childrenswear firm Monnalisa’s first half sales jump 34%

Italian childrenswear firm Monnalisa’s first half sales jump 34%



Monnalisa SpA, an Italian high-end childrenswear sector leader, has reported a 34 per cent sales growth to €20.3 million in the first half (H1) of FY21 that ended on June 30, 2021, compared to the sales of €15.1 million in the same period of previous fiscal. The group’s net loss for the six-month period reduced to €1.4 million (H1 FY20: €6.8 million).

 

Monnalisa SpA, an Italian high-end childrenswear sector leader, has reported a 34 per cent sales growth to €20.3 million in the first half (H1) of FY21 that ended on June 30, 2021, compared to the sales of €15.1 million in the same period of previous fiscal. The group’s net loss for the six-month period reduced to €1.4 million (H1 FY20: €6.8 million).

“The excellent results were not an automatic consequence of the pandemic’s easing, although this clearly was a factor. They stem from strong and prudent management, together with the underlying sacrifices and values, the contribution and the solidarity and common purpose of all our stakeholders, the value of our brand and the perseverance which has driven our projects forward,” Christian Simoni, chief executive officer at Monnalisa, said in a press release.

 

Monnalisa SpA, an Italian high-end childrenswear sector leader, has reported a 34 per cent sales growth to €20.3 million in the first half (H1) of FY21 that ended on June 30, 2021, compared to the sales of €15.1 million in the same period of previous fiscal. The group’s net loss for the six-month period reduced to €1.4 million (H1 FY20: €6.8 million).

The retail channel reported a 41 per cent sales volume increase in the same period of 2020, with revenues of €5.9 million (€4.2 million), accounting for a proportion of 29 per cent of total revenue. While wholesale revenues increased to €12.8 million (€10.3 million) and e-commerce revenues jumped 139 per cent over the H1 of 2020.

 

Monnalisa SpA, an Italian high-end childrenswear sector leader, has reported a 34 per cent sales growth to €20.3 million in the first half (H1) of FY21 that ended on June 30, 2021, compared to the sales of €15.1 million in the same period of previous fiscal. The group’s net loss for the six-month period reduced to €1.4 million (H1 FY20: €6.8 million).

“While aware of the continued pandemic-related uncertainty and particularly the difficulty for stores and customers located in areas highly dependent on tourist footfall, we look to the coming months with confidence, safe in the knowledge that we have taken the correct path and of the strength of our brand internationally. We have a clear vision and many more ideas and projects on which our talented personnel are working and which will fuel our future growth,” Simoni concluded.

 

Monnalisa SpA, an Italian high-end childrenswear sector leader, has reported a 34 per cent sales growth to €20.3 million in the first half (H1) of FY21 that ended on June 30, 2021, compared to the sales of €15.1 million in the same period of previous fiscal. The group’s net loss for the six-month period reduced to €1.4 million (H1 FY20: €6.8 million).

Regionally, sales from Italy grew 30 per cent to €6.6 million (€5.0 million), and from Europe sales surged 33 per cent to €5.3 million (€4.0 million). Moreover, sales from rest of the world escalated 38 per cent to €8.3 million (€6.0 million).

Fibre2Fashion News Desk (JL)





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