Moncler reports flat Q3 revenue, held back by weaker tourist spending in Europe

(Corrects revenue growth at Stone Island in paragraph 2 to 5% not 4%, and Moncler's revenue growth in Asia in last paragraph)

MILAN, Oct 21 (Reuters) - Italian luxury outerwear group Moncler reported broadly flat third-quarter revenue at constant exchange rates on Wednesday, feeling the effects of a decline in Europe driven by weaker tourist spending.

The performance was also weighed down by the core Moncler brand, known for its puffer jackets, which posted a 1% decline in revenue during the quarter. The group's smaller Stone Island label helped to underpin results, recording a 5% increase in revenue.

Group revenue for the July-September period totalled €606 million ($680 million), above analysts' consensus expectations of €597 million compiled by the company.

Given Moncler's predominantly winter-focused business, the third quarter accounts for only a limited share of annual revenue, although the company has sought in recent years to reduce seasonality and broaden its product offering.

Third-quarter revenue at the Moncler brand fell 8% in Europe, while sales in the Americas rose 2%, marking a slowdown from previous quarters. In Asia, the brand posted mid single-digit growth.

($1 = 0.8914 euros)

(Reporting by Elisa AnzolinEditing by Keith Weir)