Brunello Cucinelli S.p.a. · MIL:BC
Brunello Cucinelli — Q3 2023 Earnings Presentation
11 slides from Brunello Cucinelli's earnings presentation, Oct 20, 2023
Slide 1: 9M 23 Revenues
9M 23 Revenues October 19, 2023
Slide 2: Brunello Cucinelli
Brunello Cucinelli In the first nine months of this particularly good year, we have achieved significant growth in sales and image; given the high quality of sales, we envisage a nice, healthy profit as a result. We see there is a robust demand for high-quality, hand-crafted garments that epitomise
Slide 3: Revenues by Region
Revenues by Region € mln 9M 22 9M 23 YoY % Chg Revenues 642.0 818.4 +27.5% Constant exchange rates +28.8% Italy 78.0 97.2 +24.5% Europe (excl. Italy) 184.2 217.9 +18.3% Total Europe 262.2 315.1 +20.2% Americas 233.8 284.7 +21.7% Asia 146.0 218.6 +49.7% 9M 22 9M 23 Europe Americas Europe Americas 40.
Slide 4: Region Highlights
Region Highlights EUROPE AMERICAS ASIA Robust demand from the local client, Solid demand for RTW in absolute Very positive results in all Asian supporting very interesting growth in luxury, oriented towards special markets, with China confirming the Q3, exceeding double digits garments with high cra
Slide 5: Revenues by Channel
Revenues by Channel € mln 9M 22 9M 23 YoY % Chg Revenues 642.0 818.4 +27.5% Constant exchange rates +28.8% Retail Channel 379.4 510.7 +34.6% Wholesale Channel 262.6 307.7 +17.1% 9M 22 9M 23 Wholesale Wholesale Channel Channel 40.9% 37.6% Retail Retail Channel Channel 59.1% 62.4% 5
Slide 6: Channel Highlights
Channel Highlights RETAIL CHANNEL Very good LFL growth; beautiful initial sell-out for the Fall Winter 2023 collection, also considering last year's rising comparative base Continuous investments made to keep our shops contemporary and welcoming Events organized represents a very important way to co
Slide 7: Monobrand Network
Monobrand Network RETAIL MONOBRAND WHOLESALE MONOBRAND 124 boutiques* as of September ’23 27 boutiques as of September 23 * Including 2 conversions from wholesale monobrand channel to Retail channel 119 boutiques as of December ‘22 30 boutiques as of December ‘22 7
Slide 8: OUTLOOK
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Slide 9: Outlook
Outlook We foresee a stupendous result for 2023, with an expected growth in revenues of between +20% and +22%, compared to the previous estimate of +19%, a healthy marginality in line with the first half of the year, and a very positive increase in profits. We believe that these expectations of ours
Slide 10: Board of Directors
Board of Directors € mln Brunello Cucinelli Excutive Chairman and Creative Director Riccardo Stefanelli C.E.O. Luca Lisandroni C.E.O. Camilla Cucinelli Director Carolina Cucinelli Director Alessio Piastrelli Director Giovanna Manfredi Director Andrea Pontremoli Director Investor Relations & Corporat
Slide 11: Forward looking statements disclaimer
This presentation may contain forward looking statements which reflect Management’s current views and estimates. The forward looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those contained in the forward looking statements. Potenti