Moncler’s first quarter: +16% revenue
Luxury outerwear company Moncler recently released earnings results for the first quarter of 2017, showing a 16% jump in revenue from the first quarter of 2016. In the company’s domestic market of Italy, revenue rose by 7% on a constant currency basis, while in wider Europe, the Middle East, and Africa (EMEA), revenue was up by 26%. Both of these figures are stated in comparison to the year-ago quarter. In Asia and Rest of the World, revenues rose by 12%, as they did in the Americas, once more at constant exchange rates and against the previous year.
Moncler’s share price is up by 34% so far this year!
SOURCE: Yahoo Finance
Moncler’s chairman and CEO, Remo Ruffini, said in a statement: “I am very proud of the results Moncler has achieved across markets and channels, demonstrating continued brand momentum and the effectiveness of our strategy. At the end of the quarter we celebrated the opening of our first store in Australia, and there are many other projects in the pipeline, in both the retail and wholesale channels.”
In Europe, Moncler saw positive performance in all of its main markets, particularly the United Kingdom, France and Germany. In Asia, Japan saw very good performances thanks to strong brand perception, and the company also saw growth in Mainland China, “mainly driven by the performance of the retail channel”.
Dominion holds Moncler in its Global Trends Luxury Fund.
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