Moncler: deluxe results

The last week has witnessed overall a pause in the luxury stocks rally, pretty much in line with what happened overall with European and US equity markets. Stocks have been overall stable but with a modicum of additional volatility.

In this scenario several luxury stocks behaved as we predicted, as investors preference steered toward a specific subset of companies. Particularly those groups capable of providing investors with robust earnings and growth prospects, juicy enough to justify multiples that are often quite high.

Moncler case appear emblematic: the Milan based companies last week put out the final figures for 2018. During those 12 months revenues spiked 19% while profits posted 33% growth, on top of that investors can count on an excellent guidance for 2019.

The week was also positive for high-end ca manufacturers, with the notable exception of Tesla which is plagued by company-specific issues. This is a good sign: investors remain focused on stocks and sector rotation while warming up to a recently beleaguered niche of the global economy.

The doom and gloom haunting the luxury car segment is fading as the fears of the inception of a new round of global recession are receding. It is not a secret that this sector is probably the most sensitive and correlated to China. The explosive performance currently displayed by Chinese stocks, based on renewed optimism about a possible trade deal with the US, offers lots of lifeblood to luxury auto stocks.

Impressive was also the performance of French luxury Big 3 (LVMH, Kering, Hermes) which are buoyed by both general and company-specific positives. Among the former the performance of French stocks has been in general very good and well-above the European average. Among the latter wee cannot forget how these corporate giants boast strong balance sheets and a solid portfolio of brands, exactly what investors long for in the current scenario.

Azienda Performance YTDBorsa
Brunello Cucinelli18.14%Milano
Moncler 21.43%Milano
Christian Dior20.23%Parigi
Hermes 14.89%Parigi
Tesla -10,19%%New York
LVMH 17.50%Parigi
Luxottica -0.16%Milano
Estee Lauder 22.03%New York
Ralph Lauren23.76%New York
Prada2.33%Hong Kong
Tapestry/Coach6.93%New York
Tiffany16.78%New York
Porsche 13.94%Francoforte
Richemont 19,87%%Zurigo
Capri/Michael Kors19.00%New York

Our editorial staff includes people with different professional backgrounds who share a passion for writing and who want to create and develop a dialogue with their readers and with the world.

Related Posts

Bollinger bets on wine tourism to celebrate the bicentenary

An initiative that, in addition to welcoming the entire winemaking process, will open the Bollinger world to wine tourism

The “CENTRO DINO FERRARI” celebrates 40 years of activity

Solid foundations, passion, research as energy, results without borders, a combination of research and care, human solidarity and an eye to the future. These are the seven key points on which the Manifesto that the "Centro Dino Ferrari" presented last September 29 in Milan

Astypalea: the first sustainable island is born

The goal is only one: to transform Astypalea into "a model island for zero climate impact mobility"