Moncler announced Wednesday that it will no longer publish first and third quarter interim reports to align with a new policy of the European Union being implemented by Italy.
On February 15, the Italian legislature issued a Transparency Directive (Italian Legislative Decree no 25 to implement the EU's Directive 2013/50, which eliminates quarterly financial reporting obligations.
The Italian apparel company said it will voluntarily publish Interim Management Statements that provide information on sales trends, pending further developments in the regulatory framework. Moncler will continue to publish full half-year and annual reports as usual.
Both the Interim Management Statements and the half-year and annual reports will be presented in conference calls with analysts and institutional investors.
