Moncler has reported a decline in profit despite higher sales during the fiscal first half.

Group consolidated revenues for the six months ended June 30 rose 1 per cent to EUR1.225 billion ($1.4 billion).

Meanwhile, group earnings before interest and tax (EBIT) decreased from EUR258.7 million in the year-ago period to EUR224.8 million. EBIT margin dropped from 21 per cent to 18.3 per cent, mainly due to a different phasing of marketing expenses.

“The first half of the year reminded us once again how unpredictable and complex the world can be, and how companies must remain vigilant and agile while continuing to nurture their brands,” said chairman and CEO Remo Ruffini.

At the Moncler brand, sales were up 1 per cent during the period, with Americas revenue flat, Asia up 2 per cent, and EMEA down 4 per cent.

Stone Island reported a 1 per cent sales decline, with the Americas down 17 per cent, Asia up 12 per cent, and EMEA down 4 per cent.

Moncler said uncertainty in the global geopolitical and economic landscape remains elevated in the second half. In response, the group plans to continue prioritizing operational agility, while steadily investing in its organisation, talent, and distinctive brands.

The group reported a 7 per cent uplift in consolidated revenue last year.