Moncler: stronger-than-expected nine-month sales.

(CercleFinance.com) - On Tuesday evening Italian luxury jackets maker Moncler reported stronger-than-expected nine-month sales, boosted by solid performance in UK, France and Japan.


Moncler said sales rose 15% to 736.8 million euros over the first nine months of the year, from 639.3 million euros a year ago.

At current exchange rates sales rose 16% relative to the same period in 2016.

Retail sales rose 19% to 477.8 million euros, thanks to the expansion of its monobrand distribution network, which currently consists of 195 directly operated stores, 5 more than at the end of 2016.

Analysts at Bryan Garnier maintained their "buy" rating on the stock, increasing their corresponding target price from 24 euros 24.5 euros after the report, while UBS maintains its "neutral" rating, with a target price of 22.5 euros.

The Moncler share - listed on Borsa Italiana since December 2013 - is currently down 0.4% at 24.8 euros.

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