Moncler Q1 Revenue Beats Forecasts with 6 Percent Growth
Moncler revenues rose 6 percent to 881 million euros, beating analyst estimates. Strong sales in Asia offset weaker performance in Europe and the Middle East.
The luxury outerwear group Italy-based MONCLER SPA announced a 6% increase in its first-quarter revenues, largely supported by a significant recovery and expansion in Asian markets. On a constant currency basis, the group's revenue grew by 12% to reach 881 million euros ($1 billion). This result outperformed the 841 million euros projected by analyst consensus. The company's flagship brand saw particularly strong momentum in China and South Korea, which helped offset softer performance in other regions. In contrast, the European and Middle Eastern markets experienced more tempered growth as tourism-related spending remained subdued during the quarter. Currency volatility also played a role in the reported figures. While sales in the Americas grew by 7% when measured at constant exchange rates, the impact of the EUR/USD conversion led to a 2% decline in reported revenue for that region. Despite these fluctuations, the overall results underscore the brand's resilience in its core luxury segments.
