Report
Jean Danjou

Moncler : Le ralentissement est plus fort qu’attendu, la perspective en est d’autant plus incertaine

>Freinage plus brutal que prévu au T3 avec Moncler DTC tout juste flat - Après le ralentissement déjà visible au T2 (croissance CA total à seulement +3% à tcc), le CA T3 à 635.5 M€ marque un freinage supplémentaire avec une croissance y/y tcc désormais négative à hauteur de -3%, nous attendions c.-1% sur la base d’une prévision CA T3 à 648.5 M€ alors que le consensus relevé par la société ressortait à 645 M€ et reflétait un repli à c.-1.5%. La déception est un peu plu...
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

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch