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Published
Feb 26, 2018
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Italy's Moncler sees further growth this year after 15 percent rise in 2017 sales

By
Reuters API
Published
Feb 26, 2018

Italian luxury outerwear maker Moncler said on Monday it foresaw further growth in 2018, after posting a 15 percent rise in revenue last year and launching a new product strategy based on faster-paced collections.



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The group said last week it was changing its product strategy, bidding farewell to catwalk shows in favour of monthly product launches, in a bid to keep up with the industry's younger and more fickle customers.

Revenue last year rose to 1.194 billion euros (1.05 billion pounds), just above a Thomson Reuters estimate of 1.183 billion euros. Sales were up 17 percent at constant exchange rates.

Moncler, which sells signature puffer jackets for as much as 1,000 euros ($1,230) proposed to pay a dividend of 0.28 euros per share on 2017 results, up from the 0.18 euros per share paid the previous year.

"We have decided to start a new exciting and challenging chapter for our business, which I strongly believe, will drive us to new heights with greater determination," Chairman and Chief Executive Remo Ruffini said in a statement.

The group will be holding a capital markets day on Tuesday.


 

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