[1/3] Moncler logo is seen displayed in this illustration taken, May 3, 2022.
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsMILAN, Oct 26 (Reuters) - Sales at Italian luxury group Moncler (MONC.MI) rose 7% at constant exchange rates in the third quarter, meeting analyst expectations, thanks to growth in Asia and despite a decline in the Americas.
Total sales reached 670 million euros ($705 million) in the July-September period, matching an analyst consensus provided by the company.
The Moncler brand, which generates the largest part of group revenues, saw sales rise 9% at constant exchange rates, to 561 million euros, boosted by 22% growth in Asia.
In the EMEA region, Moncler brand revenues grew 6% at constant exchange rates, "due to a normalisation in local consumption and a slower recovery of tourism flows compared to the first part of the year", the company said in a statement.
Persons:
Dado Ruvic, Luciano Santel, Elisa Anzolin, Alvise Armellini, Keith Weir
Organizations:
REUTERS, Corporate, Thomson
Locations:
Asia, Americas