Brunello Cucinelli S.p.a. · MIL:BC
Brunello Cucinelli — Q3 2024 Earnings Presentation
15 slides from Brunello Cucinelli's earnings presentation, Oct 18, 2024
Slide 1: 9M 24 Revenues
9M 24 Revenues October 17 2024
Slide 2: Brunello Cucinelli management message
Brunello Cucinelli We are particularly pleased with the highly positive momentum our brand is currently enjoying from all perspectives. We have always sought to build an authentic relationship with our esteemed clients, one that allows us to enhance and deepen the "special" connection that binds us,
Slide 3: 9M 2024 revenues - highlights
9M 2024 revenues - highlights ➢ The first 9 months of 2024: truly excellent results confirming the brilliant health of our brand ➢ Revenues in 9 months 2024 up +12.4% at current exchange rates (+12.7% at constant exchange rates) accompanied by an absolutely valuable feedback on the product offering
Slide 4: 9M 2024 revenues - highlights
9M 2024 revenues - highlights Performance and prospects for our brand well supported by the features of our business model, among which we would like to highlight: ➢ an exclusive network of direct boutiques, to which we are constantly working to offer customers spaces that are always modern, attract
Slide 5: The evening of "gratitude"
The evening of "gratitude" On September 30, 2024, 2012, evening of "gratitude" was held at the Milan Stock Exchange, an evening dedicated to all those who have supported us with confidence since the 2012 listing, which had seen us enter the stock market on April 27, 2012 with a share price of 7.75 e
Slide 6: The second collection of our fragrances
The second collection of our fragrances On September 12 we gathered 200 of the world's best multibrands in Solomeo, presenting together with EuroItalia - our partner in development and distribution - the second collection of fragrances The new collection of fragrances will be available in the market
Slide 7: 9M 24 Revenues Update
Update AA BRUNELLO CUCINELLI
Slide 8: Revenues by Region
Revenues by Region € mln 9M 2023 9M 2024 % vs 2023 Net Revenues 818.4 920.2 +12.4% Constant exchange rates +12.7% Italy 97.2 110.3 +13.5% Europe (excl. Italy) 217.9 230.0 +5.5% Total Europe 315.1 340.3 +8.0% Americas 284.7 334.7 +17.6% Asia 218.6 245.2 +12.2% 9M 2023 9M 2024 Europe Americas 34.8% Eu
Slide 9: Region Highlights
Region Highlights EUROPE Very solid results, both in the main cities and resorts; very important contribution of local clients, with tourism more diversified by nationality than previous seasons Very interesting sales growth in the multibrand channel both the closing of the Spring- Summer 2024 seaso
Slide 10: Revenues by Channel
Revenues by Channel € mln 9M 2023 9M 2024 % vs 2023 Net Revenues 818.4 920.2 +12.4% Constant exchange rates +12.7% Retail Channel 510.7 578.7 +13.3% Wholesale Channel 307.7 341.5 +11.0% 9M 23 9M 2024 Wholesale Wholesale Channel Channel 37.6% 37.1% Retail Retail Channel Channel 62.4% 62.9% 10
Slide 11: Channel Highlights
Channel Highlights RETAIL CHANNEL Very positive sales in the 9 months and double digit growth in the third quarter: great result s also considering the growing comparison base in the second part of last year Important opening of the Miami flagship in May 2024, joined by two new openings in the latte
Slide 12: Outlook
BRUNELLO CUCINELLI
Slide 13: Outlook
Outlook The very interesting results for the first nine months of the year, the great sales of the Fall-Winter 2024 collections, the continuous search for exclusive, special garments, of the highest craftsmanship and handiwork, mean we can fully confirm our forecasted growth of approximately +10% in
Slide 14: Board of Directors
Board of Directors Brunello Cucinelli Executive Chairman and Creative Director Riccardo Stefanelli C.E.O. Luca Lisandroni C.E.O. Camilla Cucinelli Vice Chairman Carolina Cucinelli Vice Chairman Alessio Piastrelli Director Giovanna Manfredi Director Andrea Pontremoli Director Investor Relations & Cor
Slide 15: 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