(SGI) Moncler, one of the public companies that have weathered the collapse of the stock exchange best, saw consolidated sales decrease by 18.1 percent at current exchange rates, or by 18.4 percent at constant exchange rates, in the first quarter to March 31 as compared to the first quarter a year ago, down to €310.1 million. The drop came after 24 quarters of double-digit revenue growth. A negative performance in both the retail and wholesale channels was due to the impact of the coronavirus crisis because of the stringent measures that were adopted by governments in many of the countries where the company operates. In connection with the ongoing crisis, Moncler’s chief executive, Remo Ruffini, supported the board of directors’ proposal to withdraw dividend payment for 2019. More in SGI Europe.
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