Sales at Italian luxury group Moncler rose 7 percent at constant exchange rates in the third quarter, in line with analyst expectations, thanks to growth in Asia and despite a decline in the Americas.

Total sales reached €670 million ($705 million) in the July-September period, matching an analyst consensus provided by the company.

By Elisa Anzolin; Editor: Alvise Armellini

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Moncler Sales Seen Rising Despite Luxury Concerns

Italian luxury group Moncler is expected to post a healthy rise in quarterly sales thanks to a strong brand and despite the warmer weather, although growth will be slower than in the first half.