×
485
Fashion Jobs
ADIDAS
Senior Manager - Procurement Operations
Permanent · CHENNAI
MOLEDRO
Operation Manager
Permanent · NEW DELHI
MOLEDRO
HR &Admin
Permanent · NEW DELHI
MOLEDRO
Brand Manager
Permanent · NEW DELHI
MOLEDRO
sr Fashion Designer / Production Manager
Permanent · NEW DELHI
ADIDAS
Manager Information Security
Permanent · GURUGRAM
ADIDAS
sr. Manager Sales Excellence
Permanent · GURUGRAM
CL GUPTA RETAIL PRIVATE LIMITED
Production Manager Cum Quality Control Manager
Permanent · Noida
UGRAYA FOODS
Production Manager || Agartala (Tripura) || Poultry Feed Industry
Permanent · Agartala
GOVIND KRIPA INFRATECH PVT. LTD.
HR/Telecalling/Sales Manager/Sales Executives/Asst. Sales Manager
Permanent · Jaipur
JUMBO BAGS
Manager- Production (Fibc / Woven Polypropylene Industry)
Permanent · Chennai
ADIDAS
Manager, Masterdata And Product Launch (.Com & Digital Partners), Apac
Permanent · GURUGRAM
ADIDAS
Manager, Digital Backend Operations, Apac
Permanent · GURUGRAM
THE HOUSE OF DEEPTHI LIMITED
Production Manager
Permanent · MUMBAI
MANPOWERGROUP SERVICES INDIA PRIVATE LIMITED
Hiring-Field Sales Manager
Permanent · Chennai
YUTIKA NATURAL
Area Sales Manager (Guwahati)
Permanent · Katihar
LENSKART
Area Operations Manager
Permanent · Chennai
ELECTRONICA FINANCE
Area Sales Manager - Mumbai- Vasai
Permanent · Mumbai
ADIDAS
Manager Learning & Development & Knowledge Management (M/F/D)
Permanent · CHENNAI
D.LIGHT
Hiring For Area Sales Manager | Bihar | d.Light Energy
Permanent · Patna
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED
Loan Against Securities - Area Sales Manager
Permanent · Chennai
ANAND RATHI GLOBAL FINANCE
Hiring For Area Sales Manager Sme- Lap
Permanent · Mumbai
By
Ansa
Translated by
Nicola Mira
Published
Aug 30, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Brunello Cucinelli’s H1 net income hits €21.9 million, close to 2019 levels

By
Ansa
Translated by
Nicola Mira
Published
Aug 30, 2021

Brunello Cucinelli generated a net revenue of €313.8 million in H1, up by 7.7% at current exchange rates, by 10% at constant rates (compared to June 30 2019), and by 52.9% at current exchange rates, and 57.7% at constant rates compared to June 30 2020. Sales in Q2 2021 were worth €149.2 million, equivalent to a 13.8% rise over to the same period in 2019.


Brunello Cucinelli - DR


The Italian luxury label's H1 EBITDA was €80.6 million (25.7% of revenue). It was minus €3.4 million last year, and €79.2 million as of June 30 2019. EBIT was €25.3 million (8.1% of revenue), compared with minus €53.3 million as of June 30 2020, and €39.1 million as of June 30 2019. Net income was €21.9 million (7% of revenue), compared with a loss of €47.7 million in H1 2020, and a net income of €25 million in H1 2019.

Commenting on the income statement, the label underlined that a direct comparison of the H1 2021 results with those of H1 2020, strongly influenced by the pandemic, is of limited relevance. On the other hand, both the continued effects of the pandemic in the first six months of 2021 and the outcome of the many commercial initiatives and retail expansion policies that were deployed in H1 2021 must be taken into account.

Brunello Cucinelli carried out investments worth €29.9 million in H1 2021, part of a multi-annual plan that the group is sticking to despite the pandemic. Net financial debt was €96.3 million, as opposed to €136.5 million as of June 30 2020.

“H1 2021 has closed with very, very interesting results,” said Brunello Cucinelli, the label’s executive president and creative director, about the financial statement approved by the board.

“The sales campaign for the Fall/Winter 2021 collections began very well, it seems that the label is enjoying widespread popularity both for its stylistic expression and its way of connecting with local communities and with humanity as a whole. Order levels for the Spring/Summer 2022 men’s and women’s collections, whose campaigns are almost over, were excellent,” added Cucinelli.

“All of this leads us to predict strong revenue growth for the current year, at around 20%, and to regard the current period as one of rebalancing, while for 2022 we are expecting a return to a healthy 10% growth.”

Copyright © 2022 ANSA. All rights reserved.