Report
Emira Sagaama ...
  • Jean Danjou

Moncler : Robust growth restored, the future remains promising

>The end of the year beat forecasts, growth at 2 years was 30% in Q4 with an annual EBIT margin close to 30% - Moncler's 2021 sales came in at € 2,046.1m for adjusted EBIT of € 603.1m (margin of 29.5%) and € 579.2m on a reported basis, which corresponds to Q4 sales of € 868.9m, i.e. € 803.3m for the Moncler brand (y-o-y growth at constant currency (cc) of +20% and at 2 years at +30%) and € 65.6m for Stone Island and adjusted group EBIT for H2 at € 510.3m, i.e. a margi...
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
Emira Sagaama

Jean Danjou

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