Operating profit at Moncler slid 13% in H1 due to marketing spend

MILAN, July 23 (Reuters) - Operating profit at Italy's Moncler MONC.MI declined 13% in the first half of the year, as marketing expenses were weighted towards that period, while revenues rose slightly, the Italian luxury outerwear group said on Wednesday.

Half-year consolidated revenues rose 1% at constant exchange rates to 1.23 billion euros ($1.41 billion), broadly in line with a company-provided consensus, with the key Moncler brand affected by a decline in tourist spending in Europe.

The first half operating profit totalled 225 million euros, slightly above analysts expectation of a drop to 222 million euros.

($1 = 0.8529 euros)