Report
Jean Danjou

Moncler : Momentum toujours remarquable pour la marque Moncler, elle devrait continuer à faire la course en tête

>Croissance T2 très élevée (+32% chez Moncler) et marge S1 mieux que prévu à 19.2% - Le CA groupe pour le S1 2023 atteint 1136.6 M€ (+24% y/y, +24% y/y tcc), en croissance y/y tcc de 26% sur le T2 après +23% sur le T1 - et l’EBIT S1 217.8 M€ soit une marge à 19.2%, qui se compare à 19.6% sur le S1 2022. Nos prévisions faisaient état d’un CA S1 à 1116 M€ (croissance S1 y/y tcc à +22% soit un T2 à +21%) et d’un EBIT à 205 M€ (marge 18.4%) tandis que le consensus tel que...
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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