Brunello Cucinelli net revenues soar 15.5 percent in 2013

REPORT_ Brunello Cucinelli, in its financial report for the year 2013 said that its net revenues were 322.5 million euros (446.4 million dollars), up over 15.5 percent compared to net revenues for the year ended 31st December 2012. EBITDA was 58.2 million euros (80.5 million dollars)

up over 18.5 percent compared to normalized EBITDA for 2012.

International markets, totalling 79.3 percent of revenues, showcased growth over 21.4 percent in all geographical areas.

While growth in USA was over 23.2 percent, Europe over 20 percent, Greater China over 52.5 percent and rest of the world was up 5.7 percent. The Italian market, accounting for 20.7 percent of revenues, showed a slight decrease of below 2.9 percent.

According to Brunello Cucinelli, the group’s Chairman and Managing Director, “We have closed FY 2013 reporting very special results. Over 320 million euros in sales and over 58 million euros in EBITDA. It has been a very important year under the image viewpoint; the great appreciation for a made in Italy product featuring great craftsmanship, quality and creativity, focusing on the topic of exclusive distribution, seems to be very strong to us. We strongly believe in the absolute luxury segment and, as we are still a very young company, we think an interesting and serene working future lies ahead for our people, our suppliers we really care about, and our territory.”

EBITDA for the year ended December 31, 2013 grew by 35.7 percent over the figure of 42.9 million euros (59.3 million dollars) for the previous year (15.2 percent of revenues).

Image: Brunello Cucinelli