In the first three months of this year, Brunello Cucinelli reports Q1 net revenues grew by 9.1% at current exchange rates (+ 9.3% at constant exchange rates) to 121.8 million euro.
Sales were positive on international markets (+ 9.8%), as well as on the Italian market (+ 6.4%). On the basis of the fall 2016 orders the company expected “a healthy double-digit growth both in sales and profits for the entire 2016″.
Returning to the quarterly and performance of different markets, North America recorded an increase of 9.2%, Europe by 9%, the Greater China by 11.1% and the rest of the world 13%. the three main channels have gone well: the retail (+ 11.4%) and single-brand wholesale (+ 5.4%), but also the multi-brand wholesale (+ 8.1%).
The Italian market amounted to 24.9 million euro, compared to 23.4 million euro of 31 March 2015, with a weight on revenues of 20.4%. “The current year is going really well – said the founder and president, Brunello Cucinelli -. We are pleased with both of sales, and the image of the brand internationally. ”
“With serenity – he concluded – we can expect for 2016 a healthy double-digit growth in turnover and profits. A special thought goes to our beautiful Italy, slowly, is recovering its civil, spiritual, economic dignity. ”
Brunello Cucinelli
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from CPP-LUXURY http://www.cpp-luxury.com/brunello-cucinelli-revenues-jump-93n-the-first-quarter/?utm_source=rss&utm_medium=rss&utm_campaign=brunello-cucinelli-revenues-jump-93n-the-first-quarter
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