MONCLER has ended the first half with revenues of 346.5 million, up 17% and witha profit of $ 33.6 million, slightly down compared to 34 million a year ago. Adjusted ebitda increased from 70.9 to 78.3 million euros (22.6% of revenues compared with 24% in the first half of 2015), while the adjusted ebit rose from 53.8 to 59 million (17% of revenues). Thomson Reuters consensus had estimated revenue of 343million euros, net profit of 36 million and an adjusted ebitda of 79 million.
At the level of different distribution channels, retail recorded an increase of 22% to245.9 million (a +5% sales at comparable consolidation scope), while the wholesale grew by 6% to 100.6 million. Positive performance in different regions, with revenues of +30% in Asia and the rest of the world, in +20% in the Americas and in +8% in Emea. Despite the uncertain political and macroeconomic environment, President and ceo of Moncler, Remo Ruffini, estimated for the entire 2016 "further earnings growth." In the morning the Italian brand's title was leaking the 1.56% at Piazza Affari.
It is now also the news of the arrival of two new strategic partners in Ruffini Stakesnext to the President and the first shareholder of luxury duvets logo, Remo Ruffini.The Ruffini Investments reached an agreement with Singapore's Temasek and JuanCarlos Torres, investor and President diDufry, which provides that the Ruffini Investments you make its own share in Moncler, 32%, amounting to a newco which will be held for the 24.4% from the two new members and the 75.6% from Remo Ruffini. ContestualmenteClubsette, vehicle checked at 52.5% from Tamburi Investment Partners (Tip), which currently has a market share of 14% of Ruffini Investments, will be released by the same and will receive a share of 5.1% of Moncler, as repayment and liquidation. The Group Tip This will achieve a capital gain, at the consolidated level, of about 80 million. Following the exit of Clubsette, the new company will have a share of 26.8% of Moncler. Remo Ruffini will remain the principal single shareholder and the controlling shareholder of newco and will continue to define and drive the Moncler plans for its future development. The investment agreement shouldbe effective from 3 August
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