Report
Jean Danjou

Moncler : A very good end to the year and sounding more confident about 2024

>Q4 revenue growth +16%, FY margin 30%: a robust performance exceeding expectations - Moncler’s group revenues for 2023 came to € 2,984.2m, i.e. +15% y-o-y and +17% y-o-y cc, with EBIT reaching € 893.8m (margin at 30.0% vs 29.8% in 2022). We were expecting respectively € 2,929m and € 870m (margin at 29.7%), while the company-compiled consensus pointed to € 2,928m and € 871m (margin at 29.7%). The positive differential is tangible, with revenues around +2% higher than...
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
Jean Danjou

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