Moncler : Decent momentum for the Moncler brand in Q3, and Q4 seems to have got off to a good start
>Q3 sales in line with forecasts: Moncler fairly robust at +13% y/y at cc, Stone Island down but hard to read - Moncler has reported nine-month sales of € 1.557bn, including € 638.3 m in Q3, representing growth of +15% at +12% at cc (after +26% at cc in Q2). Sales of the Moncler brand came to € 528.2m in Q3, up 13% at cc (after +23% in Q2) and Stone Island sales totalled € 110m in Q3, up 8% y/y at cc (Q2 +35%). We were forecasting total group sales in Q3 of € 634.2m ...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).
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.
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