MILAN (Reuters) -Revenues at Italian luxury outerwear group Moncler fell 1% at constant exchange rates in the third quarter, hit by weak tourist demand in Europe and Japan despite an increase in sales
Moncler posts smaller than forecast decline in quarterly revenues
Moncler's Q3 Revenue Performance
MILAN (Reuters) -Revenues at Italian luxury outerwear group Moncler fell 1% at constant exchange rates in the third quarter, hit by weak tourist demand in Europe and Japan despite an increase in sales in the Americas.
Impact of Tourist Demand
The Milan-based group, best known for its glamorous puffer jackets, posted revenues of 616 million euros ($718 million) for the July-September period, above a company-provided analyst consensus forecast of 604 million euros.
Sales Performance in Asia
Revenues at the Moncler brand held steady in Asia - an area that accounts for roughly half of the total - as China continued to outperform the rest of the region where Japan and Korea instead performed weakly. ($1 = 0.8575 euros)
Analyst Consensus Overview
(Reporting by Elisa Anzolin; Editing by Valentina Za)
