Report
Jean Danjou

Moncler : Croissance toujours impressionnante au T1 mais le ton est plus prudent pour la suite

>La marque Moncler sort encore un excellent trimestre à +20% y/y en organique - Le CA T1 groupe ressort à 818.0 M€ montrant une croissance à tcc de 16% et de 13% en publié, nous attendions c.781 M€ et le consensus Visible Alpha avant publication montrait 790 M€, la prévision est donc battue de près de 4%. Le niveau de croissance reste clairement flatteur pour la marque Moncler : après un T4 2023 à +17% en organique, le T1 sort à 20 % y/y tcc dont +26% en DTC, nous att...
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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