First half sales increase 8.1 percent at Brunello Cucinelli

First half sales increase 8.1 percent at Brunello Cucinelli

Net revenues at Brunello Cucinelli SpA for the first half of 2019 were
291.4 million euros (328.4 million dollars), a rise of 8.1 percent at
current exchange and 7.2 percent at constant exchange rates compared to
last year’s 269.5 million euros.

Commenting on the first half trading, Brunello Cucinelli, the company’s
Chairman and CEO, said in a statement: “We are fully satisfied with our
company’s performance in the first half of the year, in terms of both
numbers and image. The sales of our spring summer collections were
especially good, and the start to the 2019 fall winter season was also very
very positive. We serenely envisage a next year full of pleasant and
profitable results.”

Review of Brunello Cucinelli’s first half results

The company said revenues in the Italian market reached 44.3 million
euros (49.9 million dollars), a rise of 1.1 percent compared to 43.8
million euros at June 30, 2018. European market posted an increase of 9.6
percent, with revenues rising to 92.4 million euros (104 million dollars).
Revenues in the North American market increased by 9 percent to 94.1
million euros (106 million dollars). Greater China reported growth of 15.9
percent, with sales reaching 28.8 million euros (32.4 million dollars).
Rest of the world saw an increase of 5.5 percent, with sales of 31.9
million euros (35.9 million dollars).

Retail monobrand channel reported growth of 12 percent, with sales
reaching 150 million euros (169 million dollars). The company added that
the first half confirmed sustainable like-for-like growth, amounting to 3.7
percent, supported by positive sell-outs of the 2019 spring/summer
The network consisted of 102 boutiques at June 30, 2019, three new
boutiques have been opened during the period under review.

Sales by wholesale monobrand channel were 18.2 million euros (20.5
million dollars), with growth of 1.5 percent on a comparable basis. The
network consisted of 28 boutiques instead of 29 at June 30, 2019. Wholesale
multibrand channel posted an increase of 6.5 percent, with sales reaching
123.3 million euros (139 million dollars).

Picture:Brnello Cucinelli website


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