Brunello Cucinelli Spa (BCUCF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening and welcome to the presentation of the first quarter 2025 revenues of the fashion house Brunello Cucinelli. The speakers will be Brunello Cucinelli, Executive Chairman and Creative Director, Riccardo Stefanelli, CEO, Luca Lisandroni, CEO, Dario Pipitone, CFO, Moreno Ciarapica, Co-CFO Senior and Pietro Arnaboldi, Investor Relations and Corporate Planning Director. In order to receive help from an operator during the conference call, please press star followed by zero. And now I'd like to hand it over to Brunello Cucinelli. The floor is yours. So welcome back to analysts, investors and journalists. So before we start, we would like to thank our friends from Moncler for postponing their call by 30 minutes. Thank you. Thank you so much. Now, so this call will be extremely brief, but we do want to walk you through every single detail. So if you need any explanation, please do not hesitate to ask. It is the first call of 2025 for this first quarter, which has so far been very, very positive. This morning, our board of directors first examined the quarterly figures And then focused entirely on what we refer to, we, I want to say it clearly, we refer to as the battle of tariffs and not the war or tariffs war, because the word for means harshness, whereas a battle is something different. And we also discussed our countermeasures we have put in place. As always, all 10 of us are here. to share our thoughts. So what about the structure of the call? First of all, I will read out the press release with the quarterly results. Then I will speak about the countermeasures we adopted to face what you refer to as the battle of tariffs. And then we will reaffirm our year-end forecasts. Then in the second part, we will revisit upcoming projects and the investments, but there...