Brunello Cucinelli S.p.a. · MIL:BC
Brunello Cucinelli — H1 2024 Earnings Presentation
18 slides from Brunello Cucinelli's earnings presentation, Jul 11, 2024
Slide 1: 1H 24 Preliminary Revenues
1H 24 Preliminary Revenues July 11 2024
Slide 2: Brunello Cucinelli
Brunello Cucinelli The first half of the year closed reporting excellent results in terms of turnover, and given the quality of sales, we expect the same in profits. We feel that the brand is experiencing a very positive momentum in terms of global image. This leads us to confirm our 2024 projected
Slide 3: 1H 24 – Preliminary Revenues Update
1H 24 – Preliminary Revenues Update 3
Slide 4: Preliminary Revenues by Region
Preliminary Revenues by Region € mln 1H 23 1H 24 YoY % Chg Net Revenues 543.9 620.7 +14.1% Constant exchange rates +14.7% Italy 60.9 68.1 +11.9% Europe (excl. Italy) 141.9 153.0 +7.8% Total Europe 202.8 221.1 +9.0% Americas 189.0 225.6 +19.4% Asia 152.1 174.0 +14.3% 1H 23 1H 24 Europe Americas Europ
Slide 5: Region Highlights
Region Highlights EUROPE SS 25 collection presentation reported very positive comments from specialized press and multibrand clients, which makes us decidedly optimistic about the closing of order intake Strength of upper end of the luxury segment demand within all markets in Europe; constant presen
Slide 6: Preliminary Revenues by Channel
Preliminary Revenues by Channel € mln 1H 23 1H 24 YoY % Chg Net Revenues 543.9 620.7 +14.1% Retail Channel 344.6 395.2 +14.7% Wholesale Channel 199.3 225.5 +13.1% 1H 23 1H 24 Wholesale Wholesale Channel Channel 36.6% 36.6% Retail Channel Retail 63.4% Channel 63.4% 6
Slide 7: Channel Highlights
Channel Highlights RETAIL CHANNEL The retail channel is experiencing fair and healthy growth on a like-for-like basis, with interesting results in all geographical areas Nice growth in the second quarter confirming the increases in the 1st quarter Major opening in Miami Design District in May, the o
Slide 8: Monobrand Network
Monobrand Network WHOLESALE MONOBRAND 27 boutiques as of June ’24 27 boutiques as of December ‘23 27 boutiques as of June ‘23 RETAIL MONOBRAND 126 boutiques as of June’24 125 boutiques as of December ‘23 124 boutiques as of June ‘23 8
Slide 9: Investments and Production
Investments and Production 9
Slide 10: Artisanal manufacturing structure exclusively based in Italy
Artisanal manufacturing structure exclusively based in Italy Handcrafted production exclusively based in Italy: Artisan laboratories enhance the creativity of the Further strengthened this production capacity: ➢ ~400 artisan laboratories (façonists) product, the quality of the artifacts, the reliabi
Slide 11: Doubling Solomeo factory and opening of new production facilities in Italy
Doubling Solomeo factory and opening of new production facilities in Italy Doubling of the Solomeo factory New production facilities New plant that will rise in our valley, in a Opening of new production facilities ➢ welcoming new specialist figures in manufacturing excellence former industrial comp
Slide 12: Second Universal Symposium on Soul and Economics
Second Universal Symposium on Soul and Economics 12
Slide 13: Second Universal Symposium on Soul and Economics in Solomeo
Second Universal Symposium on Soul and Economics in Solomeo Last May 23-25, the 2nd Universal Symposium on Soul and Economy was held in Solomeo, continuing the first edition held in May 2019 Brunello Cucinelli commented on the event as follows: The three-day “Second Universal Symposium on Soul and E
Slide 14: Second Universal Symposium on Soul and Economics in Solomeo
Second Universal Symposium on Soul and Economics in Solomeo The three days were an opportunity to return to deep reflection on the relationship between ethics and Artificial Intelligence, between humanism and technology The meeting involved a large group of leading international experts in Artificia
Slide 15: Outlook
Outlook 15
Slide 16: Outlook
Outlook The very good sales in the first half of the year, order intake and initial sell-outs for Fall-Winter 2024 make the forecast of a nice sales growth in 2024 around +10% very concrete, with a fair, balanced and sustainable profit, which has always belonged to the philosophy of our Casa di Moda
Slide 17: Board of Directors
Board of Directors 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 & Corporate Plan
Slide 18: 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