April 22, 2021
Luxury down jacket maker Moncler saw strong growth in Asia and signs of a strong recovery in North America on Thursday, boosting sales in the first quarter of this year by 21% at constant exchange rates, a bit less than analysts expected. He said it exceeded.
According to Refinitiv’s consensus, analysts averaged € 361 million, while January-March quarterly revenue totaled € 365.5 million ($ 439.22 million).
Sales in Asia increased 53% during this period, especially in China and South Korea, up 34% in the Americas, but remained sluggish in Italy and other Europe.
Moncler’s rebound in the first quarter, which closely matched sales in the first quarter of 2019, reflects recent strong performance by other luxury groups such as LVMH. Kering And Hermes, Shows a revival of the sector after an unprecedented decline in sales due to a pandemic.
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Italy Moncler sales increase 21% in the first quarter
Source link Italy Moncler sales increase 21% in the first quarter