Moncler: posts another quarter of double-digit growth
(CercleFinance.com) - Moncler said that it has recorded another quarter of double-digit revenue growth in the first three months of 2019, despite a "highly challenging basis of comparison.
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The Italian down jacker maker posted revenues of 378.5 million euros over the past quarter, up 14% at current exchange rates from the 332 million euros in the first quarter of 2018, and up 11% at constant exchange rates.
In Asia, revenues increased by 12% at constant exchange rates, thanks to a significant outperformance of China and Korea, the group said.
"These figures, together with our performance over the past few weeks and the important projects that await us, make me look into the future with high confidence, even if we all know very well that the basis of comparison remains important," CEO Remo Ruffini said.
Still, investors seemed to welcome the overall figures, with the shares up 2.8% in Milan on Friday.
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