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Brunello Cucinelli 2012 net revenues up 15 percent

By FashionUnited

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The Board of Directors of Brunello Cucinelli, an Italian

fashion house operating in the absolute luxury goods sector listed on the Borsa Italiana reviewed the Group’s preliminary consolidated net revenues for 2012 and its net debt results. The Group 2012 preliminary net revenues reached 279 million euros (365 million dollars), with a 15 percent increase compared to 242.6 million euros (318 million dollars) achieved in the previous year. The final, complete results for fiscal year 2012 will be reviewed and approved by the Board of Directors on March 12. Expected net debt at December 31, 2012 amounted to 1 million euros (1.3 million dollars) compared to 48 million euros (62 million dollars) as of 31 December 2011.

The manager in charge of preparing the corporate accounting documents, Moreno Ciarapica, declares pursuant to and to the effects of article 154-bis, paragraph two of Legislative Decree no 58 of 1998 that the disclosures included in this release correspond to the balances on the books of account, the accounting records and the accounting entries.

Brunello Cucinelli specialises in cashmere and has gradually become one of the most exclusive brands in the international informal luxury prêt-à-porter sector. Brunello Cucinelli, founded in 1978 by the stylist and entrepreneur of the same name, reported a net turnover of 243 million euros (318 million dollars) in 2011 (+19 percent compared to the previous year), of which around 70 percent was achieved overseas, and an EBITDA of 40 million euros/52 million dollars (up by 68 percent compared to the previous year).

Brunello Cucinelli