Moncler: Meeting approves a dividend of 1.3 euros and elects a new board

The Moncler shareholders' meeting approved the financial statements for the year 2024 and the distribution of a dividend of 1.30 euros per share on Wednesday, April 16. According to a statement, the new board of directors was also appointed. It is composed of 15 members for the three-year period 2025-2027 and will remain in office until the meeting called to approve the financial statements as of December 31, 2027.

Maria Shaparova and Alexandre Arnault also on board

The board of directors is as follows: Remo Ruffini; Marco De Benedetti, Robert Philippe Eggs; Luciano Santel; Alexandre Arnault, Bettina Fetzer (independent director); Alessandra Gritti (independent director); Diva Moriani; Sue Nabi (independent director); François-Henri Bennahmias (independent director); Geoffroy van Raemdonck (independent director); Gabriele Galateri di Genola; and former tennis champion Maria Sharapova (independent director). These names were chosen from the list presented by shareholder Double R srl, which holds a stake representing 16.87 percent of Moncler's share capital, and received 58.365 percent of the votes cast.

Cesare Conti (independent director) and Anna Zanardi (independent director) are also on the board. Both come from the list presented by a group of asset management companies and international and national institutional investors, holding a stake representing 1.58 percent of Moncler's share capital, which received 41.143 percent of the votes.

The meeting also resolved on the remuneration to be awarded to the board of directors and set the maximum amount of total remuneration to be awarded to the board of directors at 1,530,000 euros gross per year (of which 20,000 euros for each executive director, 100,000 euros for each non-executive director and a further maximum of 30,000 euros for participation in individual internal committees of the board). This remuneration, the note explains, is not inclusive of the remuneration to be awarded to directors holding particular offices.

The ordinary shareholders' meeting approved the financial statements as of December 31, 2024 and resolved to distribute a gross unit dividend of 1.30 euros per share for a total of 351,788,377 euros, without prejudice to the actual number of shares entitled to payment to be determined on May 20, 2025.

The ex-dividend date will be May 19, 2025, with payment on May 21, 2025.

Moncler closed 2024 with a growth of 7 percent at constant exchange rates

During the meeting, the consolidated financial statements as of December 31, 2024 were presented, which closed with revenues of 3.10 billion euros in 2024, an increase of 7 percent at constant exchange rates, (plus 4 percent at current exchange rates) compared to 2.98 billion euros in 2023. The Moncler brand recorded revenues of 2.70 billion euros and Stone Island 401.6 million euros.