Moncler is headquartered in Grenoble, France, specializing in the production of outdoor sports equipment well-known brands, to date, Moncler outdoor jackets in the industry, has become a leading international top brands.
Despite the down jacket luxury goods group Moncler SpA (MONC.MI) performance in the Asian market is strong, but Europe and the Americas up regressive sales growth continued to slow in the Group resulting in a quarter.
Moncler SpA in the first quarter recorded a 18% revenue growth, constant currencies increased by 17%, further deceleration than 19% in fiscal year 2015. Quarter revenue last year from 201 million euros a year earlier to 237.3 million euros, better than market expectations of 222 million euros.
Asian markets led the growth rate of 32%, the group highlighted under mainland Chinese Lunar New Year and Spring Series driven by the successful listing of outstanding performance, while Japan continued to record strong growth in Hong Kong has not been mentioned, but the group said area all markets have achieved growth. Group Chief Corporate Officer Luciano Santel after earnings analyst meeting revealed now mainland China and Europe will spread narrowed from over 90-60%, but the group will not reduce the price in the sale of goods, the series will start on a new market price adjustment. He also pointed out that Chinese tourists to New York sales in Japan and a significant boost. Asian markets revenue from 7,530 ten thousand euros last year rose to 9,950 million euros, accounting for a further increase to 37.5% from 41.9%.
Italian local and other European markets recorded a revenue growth of 5%, France and Belgium region since the terrorist attacks of sales compare favorably, Luciano Santel also pointed out that tourism traffic from Asia, lower than last year, especially in Paris, Milan and Rome and other major tourist city, but Germany and the United Kingdom are not affected continue to grow.
Americas revenue rose 28%. Luciano Santel said that although the United States clothing department store industry in trouble, but the group still recorded very good sales figures, January and February were particularly strong, Neiman Marcus Neiman Marcus and Saks department stores and other senior customers are very focused on strengthening brand business contacts, such as providing more sales space. In addition to local retail channels also have solid growth.
Thanks to 175 directly managed stores of organic sales growth and new store expansion, retail revenue rose 23.1% to 170.1 million euros, wholesale channels also increased by 6.9% to 6,720 million euros. This year the group has implemented 15 new stores, of which four have been opened. Last year, e-commerce accounted for 6% of Group revenue, self-brand online channels and wholesale electricity supplier channels each contribute 3% of revenue.
Moncler SpA Chairman and CEO Remo Ruffini represents a quarter and market performance is better than the group expected, the positive feedback and the development of non-core category retail network obtained particularly satisfactory in the earnings report, Luciano Santel disclose knitting class and footwear We have good sales situation. Remo Ruffini and expressed confidence that this year’s performance of the Group in the continuing instability and volatile macroeconomic environment still better than 2015.