By  on November 7, 2019

MILAN — Brunello Cucinelli’s namesake company logged another quarter of strong growth in the first nine months of the year, with sales climbing 8.8 percent — but the entrepreneur was just as keen to talk about building relationships and the new section on the brand’s web site called “Ideals for Life and Work” as he was the bare numbers.

The chairman and chief executive officer of the Italian fashion group characterized 2019 as “an excellent year.” Revenues in the nine months ended Sept. 30 rose to 459.2 million euros, compared with 422.1 million euros in the same period last year and, based on this performance and thanks to a “very good” sell-out rate, Cucinelli said he expected for the full year to see sales of more than 600 million euros; a “more than proportional” earnings before interest, taxes, depreciation and amortization; an increase in profits; a “very good” tax rate between 30 percent and 31 percent, and dividends of 45 percent of profits.

To continue reading this article...