Moncler : Momentum still remarkable for the Moncler brand, it should continue to lead the way
>Very high Q2 growth (+32% at Moncler) and H1 margin better than expected at 19.2% - Group sales reached € 1,136.6m in H1 2023 (+24% y-o-y, +24% y-o-y at constant exchange rates), pointing to y-o-y growth at CER of +26% in Q2 after +23% in Q1, while H1 EBIT came to € 217.8m, giving a margin of 19.2%, compared with 19.6% in H1 2022. Our estimates were for H1 sales of € 1,116m (H1 y-o-y growth at CER of +22%, i.e. Q2 at +21%) and EBIT of € 205m (margin 18.4%) while the ...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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