Report
Emira Sagaama ...
  • Jean Danjou

Moncler : Back among the strongest in the sector in Q4 2020

>Sales growth reached +8% in Q4 and the margin 39.0% in H2; the group has been quick to restore its momentum - After a sluggish Q3 (sales growth -14% at constant currencies), the group got back on track faster than we had expected and delivered +8% sales growth at cc in Q4, ranking it among the best in the sector (we had expected flat sales, in line with the consensus). It managed to capture the surge in domestic growth in Asia towards the end of the year, especially ...
Underlying
Moncler SpA

Moncler is a jacket and sportswear production group based in Italy. Co. directly produces and distributes its own clothing and accessories collections, through its direct boutiques and exclusive department and multibrand stores. Co. branded products range from the high fashion segment with the Gamme Rouge and Gamme Bleu collections (exclusive products and selected distribution to boutiques) to the Grenoble collection (sporting and technical garments). As of Dec 31 2013, Co. operated a network of 135 stores, including 107 directly operated stores (DOS) and 28 wholesale stores (27 shop-in-shop and 1 franchise store).

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Emira Sagaama

Jean Danjou

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