Life Style

Italy Moncler sales increase 21% in the first quarter

Along

Reuters

Release



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.

Photo: Moncler

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.

© Thomson Reuters 2021 All rights reserved.

Italy Moncler sales increase 21% in the first quarter

Source link Italy Moncler sales increase 21% in the first quarter

Hair Transplant Cost In Indore, Breast Implant Surgery In Indore, Cosmetic Surgeon In Nashik, Best Gynecologist In Indore, Microtia Surgery in India

Back to top button