Accueil > Actualité
Actualite financiere : Actualite bourse

Moncler: posts first loss since IPO

( - Shares of the Italian maker of fashionable puff jackets Moncler, are down over 4% in Milan on Tuesday, after it reported its first loss since its IPO in 2013, with the coronavirus pandemic having devastated the luxury industry.

The Milan company - whose jackets sell for at least 1,000 euros - posted a net loss of 31.6 million euros for the first six months of 2020, compared to a net profit of 70 million euros a year earlier.

Moncler said sales reached 403.3 million euros in the first half of the year, slightly below consensus. At current exchange rates, sales dropped by 29% compared to the same period of 2019.

Sales in China and its online business recorded "double-digit growth" in the second quarter, the group said, but sales crumbled 39% in Italy in the fist half of the year.

"It is difficult to know how the second half of the year will evolve," warned Chairman and Chief Executive Remo Ruffini in a statement, which triggered a sell-off on Tuesday morning.

Copyright (c) 2020 All rights reserved.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.