Moncler: shares slip despite solid results
(CercleFinance.com) - Shares of Italian luxury outerwear maker Moncler slipped on Tuesday, despite posting a solid set of results that beat analysts' estimates.
Moncler said sales reached 1,627.7 million euros last year, setting a new record - up 15% compared to the 1,420.1 million euros in 2018.
At constant exchange rates sales rose 13% compared to 2018.
Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to 574.8 million euros, compared to 500.2 million euros in 2018, giving an operating margin of 35.3%, from 35.2% in 2018.
However, given the impact of the coronavirus 2019-nCoV and uncertainty about how long this epidemic will last, Moncler said it is difficult today to forecast the effects that this will have on fiscal year 2020.
Moncler shares are currently down about 2.2% at 38.8 euros in late morning trading on the Milan Stock Exchange.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
Moncler said sales reached 1,627.7 million euros last year, setting a new record - up 15% compared to the 1,420.1 million euros in 2018.
At constant exchange rates sales rose 13% compared to 2018.
Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to 574.8 million euros, compared to 500.2 million euros in 2018, giving an operating margin of 35.3%, from 35.2% in 2018.
However, given the impact of the coronavirus 2019-nCoV and uncertainty about how long this epidemic will last, Moncler said it is difficult today to forecast the effects that this will have on fiscal year 2020.
Moncler shares are currently down about 2.2% at 38.8 euros in late morning trading on the Milan Stock Exchange.
Copyright (c) 2020 CercleFinance.com. All rights reserved.