(CercleFinance.com) – Moncler unveiled yesterday evening annual results that exceeded expectations thanks to an acceleration in the growth of its sales within its own distribution network at the end of the year.
The manufacturer of luxury down jackets says it has recorded turnover up 17% to 2.98 billion euros in 2023, including growth of 15% at constant exchange rates.
Its current operating profit (Ebit) reached 893.8 million euros, compared to 774.5 million a year earlier, i.e. an operating margin improving to 30%, compared to 29.8% in 2022.
Annual net profit stands at 611.9 million euros, compared to 606.7 million euros in 2022.
In a research note, RBC analysts say they admire the Milanese group’s ability to display constant growth, highlighting a commercial dynamic ‘among the best in the luxury sector’.
The Canadian broker says it expects double-digit growth in 2024 despite the economic uncertainties currently affecting the market.
On Euronext Milan, the shares of the manufacturer of mountain clothing and accessories climbed almost 6% in the middle of the day, marking the second largest increase in the MIB index.
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