Brunello Cucinelli reduces 2% its earnings in first half

Brunello Cucinelli at double speed. The Italian luxury company ended its first half with a downfall in it net benefit of 2%, up to 25 million euros. The ebitda of the group was 49.9 million euros, 7.9% more than last year.

 The company closed its first half with a revenue of 291.4 million euros, 8.1% more than in the same period last year. Sales of the group rose 9.5% in its international markets and 1.1% in Italy.

By regions, Brunello Cucinelli sales in Europe jumped 9.7%; in North America 9% and in China jumped 15.9%. By distribution channels, the revenue for retail grew 12%, in multibrand chain it grew 1.7%, and in independent multibrand it grew 6.5%.