Brunello Cucinelli S.p.a. · MIL:BC
Brunello Cucinelli — Q1 2022 Earnings Presentation
12 slides from Brunello Cucinelli's earnings presentation, Apr 15, 2022
Slide 1: 1Q 22 Revenues
1Q 22 Revenues April 13th , 2022
Slide 2: Brunello Cucinelli
Brunello Cucinelli “This first quarter of 2022 ended with particularly positive results, and we feel that the brand is experiencing a very favourable momentum worldwide. The excellent spring sell-outs and the very important order intake for the men's/women's Fall-Winter 2022 collections lead us to b
Slide 3: Acquisition of 43% of the prestigious Lanificio Cariaggi Cashmere
Acquisition of 43% of the prestigious Lanificio Cariaggi Cashmere Brunello Cucinelli in March 2022 acquired from the Cariaggi family a 43% stake in the share capital of Cariaggi Lanificio S.p.A., with headquarters in Cagli (Pesaro and Urbino). The purchase price of the shareholding was €15.05 millio
Slide 4: Finalized the purchase of a large 8 hectare area
Finalized the purchase of a large 8 hectare area Acquisition of a large 8 hectare area on the outskirts of Solomeo, where an industrial complex built in the 1970s operated until about thirty years ago. This area will be completely redeveloped and work has already begun, followed by the building conv
Slide 5: Revenues by Region
Revenues by Region € mln € mln 1Q 21 1Q 22 YoY % Chg Net Revenues 164.6 196.9 +19.6% Constant exchange rates +16.7% Europe 50.9 58.2 +14.5% Italy 23.5 24.2 +2.8% Americas 48.6 66.9 +37.7% Asia 41.6 47.6 +14.5% Europe 41.8% Americas 34.0% Asia 24.2% 5
Slide 6: Revenues Highlights
Revenues Highlights Europe Elements that had characterized last year's trend contributed to the very positive results achieved: domestic connotation of the business, end-customer loyalty, new customers embracing our collection proposals, balance of presence between retail and multi-brand channels; p
Slide 7: Revenues by Distribution Channel
Revenues by Distribution Channel € mln € mln 1Q 21 1Q 22 YoY % Chg Net Revenues 164.6 196.9 +19.6% Retail 73,5 100.2 +36.4% Wholesale 91.1 96.7 +6.1% Retail Wholesale 50.9% 49.1% on sales on sales 7
Slide 8: Monobrand Network
Monobrand Network Retail Monobrand Wholesale Monobrand 115 boutiques as of March ’22 30 boutiques as of March ’22 114 boutiques as of December ’21 30 boutiques as of December ’21 110 boutiques as of March ‘21 30 boutiques as of March ‘21 8
Slide 9: Distribution Channel
Distribution Channel Retail Channel Like-for-like sales and sell-outs of the spring collections show a positive trend, which is accompanied by the contribution of sales of new spaces related to the development of the network last year (including new openings, extensions of existing spaces and conver
Slide 10: Outlook
Outlook Business and sales trends in this first part of 2022 allow us to fully confirm the expectations communicated last March; we can therefore confidently expect revenue growth of around +12% in 2022. The confidence with which we look at 2022, that leads us to imagine a very important year for ou
Slide 11: Investor Relations
Investor Relations Board of Directors Andrea Pontremoli Independent Director Brunello Cucinelli Excutive Chairman and Creative Director Stefano Domenicali Independent Director Riccardo Stefanelli C.E.O. Anna Chiara Svelto Independent Director Luca Lisandroni C.E.O. Emanuela Bonadiman Independent Dir
Slide 12: This presentation may contain forward looking statements
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