Report
Jean Danjou

Moncler : Ralentissement confirmé, la période qui vient est plus incertaine

>CA T3 en ligne avec des attentes devenues plus prudentes ; la marque Moncler sort à +9% à cc, le ralentissement est le plus visible en Europe - Le CA du groupe ressort pour le T3 à 670 M€ soit +5% y/y et +7% y/y tcc (on était à 26% au T2) avec Moncler marque à 561 M€ soit +9% y/y tcc (T2 : +32%) et Stone Island à 109 M€ flat y/y tcc (T2 : +5%). Nous anticipions 663 M€ soit +7% y/y tcc avec Moncler marque à 554 M€ +8% y/y tcc et Stone Island à 109 M€, le consensus rec...
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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