Brunello Cucinelli Increased Net Profit By 10.2% In The First Nine Months.

　　 Italy The luxury group Brunello Cucinelli SpA (BCU.MI) recently released its first nine months' earnings report, showing that its performance has slightly regressed compared with the first half of the year. As of September 30th, the group achieved net profit of 25 million 900 thousand euros, up 10.2% from 23 million 500 thousand euros in the same period last year. EBITDA rose by 6.6% to 48 million 800 thousand euros, and the EBITDA profit margin was 17.6%.

Revenue grew by 10.2% to 277 million 300 thousand euros a year, compared with 251 million 700 thousand euros last year. International market sales increased by 12.9%, of which greater China region The growth rate reached 35.5%, increased to 15 million 300 thousand euros, and there were 19 brand stores in the region. North America and Europe increased by 16% and 11.6% to 91 million 100 thousand euros and 91 million 900 thousand euros respectively, accounting for 32.9% and 33.1% of the group's revenues. Among them, the Russian market performed satisfactorily; the rest of the world's sales dropped to 5.6% euros. Italy's local market recorded an increase of 1.3% to 58 million 800 thousand euros, accounting for 21.2% of revenue.

Sales of retail brand channels increased by 27.6% to 101 million euros, of which the same store sales increased to 5.5%, which was basically the same as 5.6% in the first half of the year. Wholesale single brand channel slipped 4.4% to 28 million euros, while wholesale multi brand channels increased 3.6% to 148 million 400 thousand euros.

The founder of the group's namesake. Chairman Brunello Cucinelli, chief executive officer, revealed that the group will invest 80 million euros in the next three years to support business development, including the digital platform, which is expected to boost revenues and profits with double-digit growth in health.

Brunello Cucinelli SpA (BCU.MI) shares rose narrowly on Wednesday, reaching 0.54% to 16.88% at the end of the deadline, and the stock has fallen more than 34% since 2014.