Moncler sees 18% revenue growth in first half of 2017
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Moncler sees 18% revenue growth in first half of 2017

Italian luxury outerwear maker Moncler beat analysts’ expectations last week when it released earnings for the first half of 2017. The company saw a rise in revenues of 18% - or 17% when adjusted for currency fluctuations – and said it expects more in the second half. Total sales for the first six months of the year came in at €407.6 million, beating the consensus estimate of €401 million. A greater portion of this money made it into the profit section, as the company saw a net income of €41.8 million – that’s 10% of the total, for a year-over-year increase of 25%.

Moncler’s share price is up by almost 40% so far this year

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SOURCE: Yahoo Finance

Moncler’s chairman and CEO, Remo Ruffini, spoke to the continuing strength of the company in a press release, saying:

“This is the fourteenth consecutive quarter of double-digit growth for Moncler since it was listed in 2013. Group revenues grew by a further 20 percent in the second quarter of 2017, driven by positive contributions from all regions and channels.”

Moncler’s first half revenue through the years

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The company saw strong results across the board, but its EMEA (Europe, the Middle East, and Africa) segment was a standout. Revenue in those regions grew by 24% overall, pushed by strong performance in all markets, but with particularly positive figures coming out of France and the UK. In Italy, revenues rose by 7%, and in Asia & Rest of World, they rose 17%. The Americas also saw strong growth, as revenues rose by 16%. All of these figures are on a year-over-year, constant currency, basis.

According to Ruffini: “the group is anticipating a scenario of further growth in 2017.”

Disclosure

Dominion holds Moncler in its Global Trends Luxury Fund.


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