(Telestock) – Brunello Cucinelli closes the first semester with revenues equal to 620.7 million euros, with excellent sales results growing by 14.1% at current exchange rates (+14.7% at constant exchange rates) compared to the first half of 2023.
THE’EBIT equal to 104.6 million Euros, up 19.3% compared to 87.7 million Euros at 30 June 2023, with a margin of 16.9%, up compared to 16.1% at 30 June 2023.
THE’Net profit equal to 66.1 million Euro (10.6% incidence), up by +31.1% compared to the Net Profit of last year, neutralized by the effects of an extraordinary capital gain.
Investments amount to 44.8 million Euros (34.9 million Euros at 30 June 2023), part of the important plan that will support our growth project and guarantee production capacity for the next decade.
THE’Net Financial Debt characteristic is equal to 68.7 million Euro (38.6 million Euro as of 30 June 2023).
Outlook
“The excellent health of the brand and the very interesting sales that we are bringing back to the boutiques, we read in a note, allow us to confirm a good growth in revenues expected for 2024 around +10%”.