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Reuters Published
March 14, 2025
Italian luxury group Brunello Cucinelli said on Thursday its operating profit rose 39.4% last year and it confirmed its expectations for sales growth of around 10% in 2025.
"The first quarter of this 2025 is drawing to a close with particularly pleasing results, and in view of the good order intake for Men's - Women's Fall/Winter 2025, we envisage a gracious growth in sales of around 10% for this year, resulting in healthy and balanced profits", the group's founder and Executive Chairman Brunello Cucinelli said in a statement.
The brand known for its cashmere clothing posted earnings before interest and taxes (EBIT) of 187.4 million euros ($204.1 million), broadly in line with analysts' forecasts based on a consensus provided by LSEG.