October 24, 2019 / 4:12 PM / 2 months ago

Sales at Italy's Moncler rise 10% in third quarter despite Hong Kong hit

MILAN, Oct 24 (Reuters) - Revenues at Italian luxury outerwear maker Moncler rose by 10% at constant exchange rates in the third quarter, slightly above market expectations, despite a “subdued performance” in Hong Kong due to months of protests.

In the first nine months sales grew by 12% at constant rates to 995.3 million euros ($1.1 billion) compared with an average analysts estimate of 990 million euros, according to a Reuters poll.

The Asia and rest of the world area, which account for about 40% of total revenues, posted a 15% increase in the third quarter, thanks to Japan, Mainland China and Korea, the group said on Thursday. Sales in Italy grew by 4% and Europe by 7%.

$1 = 0.9013 euros Reporting by Claudia Cristoferi, editing by Silvia Aloisi

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below