Brunello Cucinelli : H1 margin showing solid improvement, no deterioration in business in prospect
>H1 margin 80bp better at 16.9%, slightly ahead of expectations - The company had already reported H1 revenues on 11 July (€ 620.7m, +14.7% y-o-y at cc or +11.7% in Q2 after +17.9% in Q1) and the comprehensive results out last night show H1 EBIT of € 104.6m or a margin of 16.9%, compared to 16.1% in H1 2023. We expected € 102.9m or a margin of 16.6% and the FactSet consensus was € 104m, with the reported figures a little more favourable than expected. The gross margin...Brunello Cucinelli is an Italian company engaged in the fashion industry that produces luxury products. Co. is engaged in the design, manufacture, and distribution of luxury clothing and accessories collections and is known for its cashmere products. Co. provides outerwear, trousers and dresses, shirts, t-shirts, leather goods and accessories products on the market through a number of different distribution channels such as: the retail distribution channel (direct retail sales); the wholesale monobrand channel (franchised monobrand retail stores); and the wholesale multibrand channel (independent multibrand stores).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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