Moncler H1 turnover and profit decline

In the first half Moncler revenues declined 29 percent to 403.3 million euros (473 million dollars). The company said in a statement that first half results were severely impacted by the measures adopted by the governments to contain coronavirus pandemic. While Italy recorded a 39 percent decline, EMEA revenues were down by 23 percent. The company added that Asia and RoW revenues declined by 27 percent with Japan and HK SAR underperforming in the second quarter. Mainland China and Korea, however, witnessed good sales growth. The company’s revenues in the Americas were down 41 percent.