Brunello Cucinelli S.p.a. · MIL:BC
Brunello Cucinelli — Q1 2024 Earnings Presentation
14 slides from Brunello Cucinelli's earnings presentation, Apr 18, 2024
Slide 1: 1Q 24 Revenues
1Q 24 Revenues April 17 2024
Slide 2: Brunello Cucinelli: value of exclusivity, rarity and creativity
Brunello Cucinelli “Value of exclusivity, rarity and creativity in 'gentle luxury', craftsmanship and manual skills” The first quarter of this year closed with excellent sales results that perfectly reflect the favour that our collections and lifestyle are garnering all over the world. The abundant
Slide 3: 1Q 24 – Revenues Update
1Q 24 – Revenues Update 3
Slide 4: Revenues by Region
Revenues by Region € mln 1Q 23 1Q 24 YoY % Chg Net Revenues 265.3 309.1 +16.5% Constant exchange rates +17.9% Italy 27.6 35.0 +26.8% Europe (excl. Italy) 67.9 73.8 +8.6% Total Europe 95.5 108.8 +13.9% Americas 95.5 114.2 +19.5% Asia 74.3 86.1 +16.0% 1Q 23 1Q 24 Europe Americas Europe 36.0% 36.0% 35.
Slide 5: Region Highlights
Region Highlights EUROPE AMERICAS ASIA Growth in Italy driven by Spring-Summer Very good results, with the bulk of buying by local Significant growth achieved in all major Asian 2024 results in the multibrand channel and clients both in the main cities, in the resort areas geographies, including Chi
Slide 6: Revenues by Channel
Revenues by Channel € mln € mln 1Q 23 1Q 24 YoY % Chg Net Revenues 265.3 309.1 +16.5% Retail Channel 164.0 188.6 +15.0% Wholesale Channel 101.3 120.5 +19.0% 1Q 23 1Q 24 Wholesale Channel Wholesale 38.2% Channel 39.0% Retail Channel 61.0% Retail Channel 61.8% 6
Slide 7: Channel Highlights
Channel Highlights RETAIL CHANNEL Fair and healthy growth on a like-for-like basis, with interesting results in all geographic areas and markets and with the positive contribution of new and exclusive openings Digital channel show a growth trend in line with the physical world, confirming the synerg
Slide 8: Monobrand Network
Monobrand Network RETAIL MONOBRAND WHOLESALE MONOBRAND 125 boutiques as of March ’24 27 boutiques as of March ’24 125 boutiques as of December ‘23 27 boutiques as of December ‘23 122 boutiques as of March ‘23 29 boutiques as of March ‘23 8
Slide 9: Brand Image
Brand Image 9
Slide 10: Brunello Cucinelli: Contemporary lifestyle brand
Brunello Cucinelli: Contemporary lifestyle brand Contemporary lifestyle brand, founded on an idea of timeless, understated, refined elegance of the highest quality Taste and style inextricably linked to its inspiring ethical principles, among the main reasons at the awarding of the GQ Designer of Th
Slide 11: Outlook
Outlook 11
Slide 12: Outlook
Outlook The excellent sales performance in the first months of 2024 reinforces the soundness of the forecast of a gracious sales growth of around +10% for the whole of 2024, with healthy, balanced profits The first quarter 2024 results also benefit from last year's first quarter basis of comparison,
Slide 13: 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 14: 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