Report
Jean Danjou

Moncler : Investment case worth rediscovering

>Greater confidence in our short-term estimates, growth still expected to outstrip that of the industry in 2023 and the years that follow. - With the firm trend in Europe and Asia excluding China at the end of the year, which should offset the weakness of China and confirmed slowdown in the US, we think that the group should be able to generate sales in line with our expectations in Q4 for which we see group growth of +10% y-o-y at constant currencies, with +8.7% for...
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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