Revenues at Italian luxury outerwear group Moncler fell 1 percent 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.
The Milan-based group, best known for its glamorous puffer jackets, posted revenues of €616 million ($718 million) for the July-September period, above a company-provided analyst consensus forecast of €604 million.
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.
By Elisa Anzolin; Editor: Valentina Za
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