MILAN — Continued expansion in international markets lifted Brunello Cucinelli SpA’s net profit and revenues in the first nine months of the year. In the period ended Sept. 30, the Italian luxury brand saw its bottom line grow 10.2 percent to 25.9 million euros, or $35 million, compared with 23.5 million euros, or $30.8 million, in the same period last year.

Revenues also rose 10.2 percent to 277.3 million euros, or $374.3 million, compared with 251.7 million euros, or $329.7 million, last year.

Brunello Cucinelli, chairman and chief executive officer of the company, said 2014 was a “fundamental” year for the group, “not only for the consistent growth reported by both revenues and profit, but also for the visibility and the positioning — at the top of the luxury segment,” of the brand. “We have just come back from some important business trips to the US and the Far East in the past weeks. And it is pleasing to realize how everything that comes from our splendid country is welcome with high regard all over the world. It easy to perceive a great admiration for our handcrafted products, for our culture and for our way of life,” said the entrepreneur. Touting improving results in Italy and an appreciation for the brand’s spring/summer 2015 collections, Cucinelli said he believed “that this trend featuring healthy and gracious double-digit growth for both revenues and profit is likely to continue also in 2015.

RELATED CONTENT: WWD Earnings Tracker >>

Click Here for the WWD Global Stock Tracker >>

load comments
blog comments powered by Disqus