ROME (Reuters) -Revenues at Brunello Cucinelli rose 10.7% at constant exchange rates in the first half of the year, the Italian luxury group said on Thursday, slightly beating analysts forecasts.
Italy's Cucinelli posts 10.7% increase in first half revenues
ROME (Reuters) -Revenues at Brunello Cucinelli rose 10.7% at constant exchange rates in the first half of the year, the Italian luxury group said on Thursday, slightly beating analysts forecasts.
Revenues totalled 684 million euros ($799 million) in the period, which compares with a consensus of 682 million euros compiled by Invisible Alpha.
Sales rose by 10% in the Americas and by 13% in Asia, with a double-digit growth in China, it said.
The group, which continues to defy an industry slowdown thanks to its high end positioning, confirmed its expectations for sales annual growth of around 10% in both 2025 and 2026.
Brunello Cucinelli is the first European luxury company to report first-half revenues. It will publish the full set of results at the end of August.
($1 = 0.8557 euros)
(Reporting by Elisa Anzolin, editing by Alvise Armellini and Keith Weir)
