Cucinelli sales up 14.7% in H1, 2024 sales guidance… | kbnmart

Italian luxury goods group Brunello Cucinelli on Thursday reported a 14.7% increase in first-half revenue at constant exchange rates, driven by double-digit growth in Asia and the Americas, and confirmed its sales forecast for 2024.

Second-quarter sales rose to 312 million euros ($339 million), compared with analysts’ expectations of 310 million euros, according to a Reuters poll.

“We feel that the brand is experiencing very positive momentum in terms of global image,” CEO Brunello Cucinelli said in a statement. “This leads us to confirm our expected sales growth for 2024 of around 10%, as well as adequate profitability.”