Report
Emira Sagaama ...
  • Jean Danjou

Moncler : Moncler, réservoir intact de croissance

Quelque peu malmenée par la crise pandémique, l’histoire reste unique au sein d’un segment prêt à porter de luxe très compétitif et possède encore un potentiel de croissance important, bien suppléé par l’acquisition récente de Stone Island. Nous initions la valeur à l’Achat avec un OC de 56 € basé sur un calcul par DCF qui prend en compte un retour aux niveaux d’activité d’avant crise dès le S2 2021 et une croissance supérieure à la moyenne de l’industrie au-delà, Stone Island aj...
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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