Brunello Cucinelli : Momentum still impressive in Q1, roadmap unchanged
>Growth remained brisk in Q1 at +17.9% cc, no real deceleration vs end-2023 - The group reported cc growth of 17.9% in Q1 or reported sales of € 309.1m. We forecast € 303m or cc growth of 14.7% and the pre-announcement FactSet consensus was more optimistic at € 308m; the numbers thus beat already optimistic expectations. Growth y-o-y at cc in Q4 2023 came in at 19.5%: the deceleration looks therefore very modest in sequential terms. In reported terms (after integrati...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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