Moncler stock reports 9 percent H1 growth as analysts reset

Published on 09/30/2026 at 14:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Moncler stock drew a EUR 57.50 Bernstein target after an upgrade on September 17, 2026. Q2 growth slowed to 5 percent at constant exchange rates.

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Moncler stock was last at EUR 44.86 on Borsa Italiana on September 30, 2026 at 2:22 p.m. CEST, up 0.81 percent versus the EUR 44.50 close of September 29, 2026. The luxury group reported EUR 1.29 billion in first-half 2026 revenue, up 9 percent at constant exchange rates, giving the market a stronger operating base before the next reporting date.

H1 growth meets a softer quarter

According to Yahoo Finance on July 22, 2026, group revenue rose 9 percent in the first half, while second-quarter growth slowed to 5 percent at constant exchange rates. The Moncler brand grew 9 percent in the first half and 3 percent in the second quarter, while Stone Island increased 11 percent in both periods.

The figures show a clear split by region. Asia contributed 12 percent growth for the Moncler brand in the second quarter, while EMEA declined 8 percent as tourism flows weakened, according to the same H1 earnings call.

Margins give the results support

Moncler's H1 EBIT reached EUR 254 million, equal to a 19 percent margin, compared with an 18.3 percent margin in the same period of 2025. Net income was EUR 165 million, or a 12.8 percent margin, while net cash exceeded EUR 1.1 billion at the end of June 2026, according to Yahoo Finance.

For investors, the comparison between revenue growth and regional weakness matters more than the headline sales number. The company is still expanding, but the 5 percent second-quarter pace and the 8 percent EMEA decline put greater weight on Asia, the Americas and the autumn product cycle.

Analysts reset expectations

Investing.com reported on September 17, 2026, that Bernstein upgraded Moncler to Outperform from Market-Perform and kept its price target at EUR 57.50. The upgrade followed a valuation reset, while the bank expected Europe to remain a weak region in the third quarter.

Rothschild and Co Redburn also upgraded Moncler from Neutral to Buy on September 23, 2026, according to Fintel. Its consensus summary listed a mean target of EUR 63.51 as of September 15, 2026, down from EUR 64.34 on August 29, 2026.

Stock trades below yearly high

Moncler was last at EUR 44.86 on Borsa Italiana on September 30, 2026 at 2:22 p.m. CEST, against a 52-week range of EUR 42.77 to EUR 59.40 and a market capitalization of EUR 12.2 billion. The company is scheduled to release third-quarter 2026 results on October 21, 2026, according to Moncler Group.