The fashion house Brunello Cucinelli closes the first semester with a turnover equal to 313,7 million euros, in rise of 52,9% at current exchange rates (+10% at constant exchange rates) compared to the same period last year, which was "strongly conditioned by the closure of a significant number of boutiques worldwide, particularly in the second quarter". In addition, the result is up 7,7% compared to the first half of 2019. Preliminary data on net revenues were approved by the board on Tuesday.
If we restrict our gaze to the second quarter of 2021 alone, revenues reach 149,1 million, with a growth of +13,8% on an annual basis.
Territorially, in the half year the fashion house recorded good growth in Asia (+19,7%) and a significant increase in Europe (+9,2%) and America (+5,1%), while a decrease was recorded in Italy (-7,5%). The results were favorable both in the retail channel (+10,3%) and in the wholesale channel (+4,9%).
“We are particularly satisfied with the results achieved in this semester and even more with the great attention we see around our brand. Sales for this Spring Summer 2021 have been very good”. This is the comment Brunello Cucinelli, executive chairman and creative director of the company of the same name, commenting on the data on preliminary revenues for the second quarter and first half approved by the Board.
The company looks "with new and very confident eyes to the second half of the year" and expects "excellent sales growth for the whole of 2021 - added Cucinelli - around +20% compared to 2020 (+10% compared to 2019), with an equally positive and balanced increase for the year 2022 of around +10%".
Finally, the company expects to continue in 2023 "the path of healthy development, fully realigning itself with the objectives of the first five years (2019-2023) of the 2019-2028 ten-year plan which should lead us to double the turnover, reaching approximately 2028 billion euros in revenues”.
