Moncler Q2 revenue rises on Asia demand, Europe lags on weaker tourism
Moncler Q2 revenue rises on Asia demand, Europe lags on weaker tourism MILAN, July 22 (Reuters) - Revenues at Italian luxury outerwear group Moncler MONC.MI rose 5% at constant exchange rates in the second quarter, with growth at its key eponymous brand driven by Asia, partly offset by weaker sales in Europe amid a slowdown in tourist spending.
Group revenues totalled €409.3 million euros ($467 million) in the April-June period, slightly ahead of an analyst consensus of €405.8 million provided by the company.
In the first half of the year operating profit rose to €245.4 million from €224.8 million a year earlier.
($1 = 0.8764 euros)
(Reporting by Elisa Anzolin, editing by Alvise Armellini)
((elisa.anzolin@thomsonreuters.com; 0039 0266129692;))
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