Moncler : End-of-year set to be in line but our forecasts further out are getting more cautious
>Sales forecasts largely unchanged for Q4, slight adjustment to our margin scenario, with a modest reduction of -2% to our 2023 EBIT forecast - After a marked slowdown in growth in Q3 (Moncler brand sales growth at +9% y-o-y cc for 9M growth of +21%), we still expect a slight reacceleration in Q4 with Moncler brand sales at +11%, mainly driven by Asia, expected to be up by +22%, like in Q3 (we forecast a decline of -5% in the Americas after -16% in Q3 and +0% growth f...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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