(Finance) – Bank of America estimates that in fourth quarter of 2023 the revenues of the group Moncler, listed on Euronext Milan, grew by +10% on cFX to 1.1 billion euros, 2 percentage points less than consensus expectations of +12%. For the Moncler brand, it forecasts 4Q23 revenues of +10% cFX at €1 billion, 2 percentage points less than the consensus of +12%. Moncler will publish its accounts on February 28th.
Regarding profitability, analysts expect the gross margin of the group in second half of 2023 settled at 36.4%, in line with consensus and 110 basis points higher than H2 2022. This would be driven by a gross margin 40 basis points higher at 79.2% in 2H23, supported by increases in pricing and the shift to retail, along with lower marketing spending as a percentage of sales compared to last year, when the brand’s 70th anniversary was launched, partly offset by higher selling expenses due to higher store-related costs managed directly.
For thefiscal year 2023Bank of America expects a EBIT margin by 29.7%, just 10 basis points below fiscal 2022.
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