MILAN : Italian luxury outerwear group Moncler on Wednesday reported a stronger than expected 1 per cent increase in revenue in the first quarter thanks mostly to direct-to-consumer sales and Asian demand. Revenues for the three months to the end of March totalled 829 million euros ($944 million), ahead of a company-provided analysts' consensus of 817 million euros. The change is not affected by currency moves with the increase the same at both constant and current exchange rates. Sales for the