The updated projection suggests a robust revenue growth of approximately 22%-23% at current exchange rates, showcasing a positive shift from the earlier forecast of a 20-22% rise.
In a statement, Executive Chairman Brunello Cucinelli expressed confidence in the expected profitability, attributing it to the exceptional quality of sales for the current year. The fashion house maintains its sales growth forecasts for 2024 and 2025 at around 10%.
During a conference call with analysts, Brunello Cucinelli also indicated that the operating profit margin is anticipated to see a slight increase in the coming year. This strategic outlook reinforces the brand’s commitment to sustained growth and financial strength in the luxury market. Explore the timeless elegance of Brunello Cucinelli’s creations, embodying the epitome of Italian craftsmanship and sophistication.
