Brunello Cucinelli Increases 2024 Turnover Forecast
MILAN (Reuters) - Italian luxury group Brunello Cucinelli on Wednesday revised up its expectations for this year's turnover, which it now sees growing by between 11% and 12%.
In October the group confirmed its expectations for a sales increase of around 10% for 2024 and the following years, after revenues rose 9.2% in the third quarter.
Cucinelli said in a statement that sales growth in the fourth quarter is expected to be in line with the previous three months.
"The strong sell-out performance of our Fall-Winter 2024 collections and the excellent results from the beginning of the order intake for the Women's Fall-Winter 2025 collections give us great confidence for 2025", said Executive Chairman Brunello Cucinelli.
"We look forward to continuing our customary annual revenue growth of approximately 10% alongside healthy profitability," he added.
(Reporting by Elisa Anzolin, editing by Gavin Jones)
