Revenues at Italian luxurious group Brunello Cucinelli rose 12.4 p.c at fixed change charges final 12 months, a contact above its most up-to-date steering because of sturdy gross sales in its outlets in the previous few weeks of the 12 months, bucking a sector slowdown because of its give attention to the trade’s excessive finish.
The group, the primary within the luxurious sector to report 2024 preliminary gross sales, stated on Monday its revenues rose to €1.28 billion ($1.31 billion) final 12 months, boosted by a double-digit gross sales development within the Americas and Asia.
“Given the prime quality of gross sales, we anticipate very sturdy earnings,” government chairman Brunello Cucinelli stated in a press launch.
Within the fourth quarter alone, turnover elevated by 11.6 p.c.
In December the group had revised up its expectations for 2024 turnover, to point an annual gross sales development of between 11 p.c and 12 p.c in 2024.
The corporate, whose cashmere jumpers can value a number of thousand euros, reiterated its forecast of revenues to extend round 10 p.c each in 2025 and in 2026.
It’s set to report its full 12 months outcomes on March 13.
By Elisa Anzolin; Editor: Keith Weir
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