(News Bulletin 247) – Moncler shares are back close to their all-time highs on Wednesday on the Milan Stock Exchange, where the manufacturer of luxury down jackets gains almost 6% the day after the announcement of annual results and outlook welcomed by the market.

The company generated consolidated annual revenue of 2.6 billion euros last year (+25% at constant exchange rates), a performance 3% better than consensus forecasts.

Its operating income (Ebit) rose to 774.5 million euros, representing a profit margin of 29.8% against 29.5% in 2021, again beating analysts’ estimates.

“As for 2023, the economic environment remains complicated and marked by persistent uncertainties, but also by a large number of opportunities,” assured Remo Ruffini, CEO of the Milanese company.

“Neither the fears surrounding the mild temperatures in October and November nor the concerns about the health situation in China have materialized and we are heading in 2023 towards a new double-digit growth rate”, react the analysts of RBC.

Moncler intends to offer its shareholders a dividend of 1.12 euros per share for 2022, corresponding to a distribution rate of 50% of its net results.

Around 11:30 a.m., the title of the Italian group gained 5.9% after reaching more than 62.7 euros.

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