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Home > Finance > Cucinelli ups its forecasts for 2024 turnover

Finance

Cucinelli ups its forecasts for 2024 turnover

Published by Global Banking and Finance Review

Posted on December 11, 2024

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MILAN (Reuters) - Italian luxury group Brunello Cucinelli on Wednesday revised up its expectations for this year's turnover, which it now sees growing by between 11% and 12%.

In October the group confirmed its expectations for a sales increase of around 10% for 2024 and the following years, after revenues rose 9.2% in the third quarter.

Cucinelli said in a statement that sales growth in the fourth quarter is expected to be in line with the previous three months.

"The strong sell-out performance of our Fall-Winter 2024 collections and the excellent results from the beginning of the order intake for the Women's Fall-Winter 2025 collections give us great confidence for 2025", said Executive Chairman Brunello Cucinelli.

"We look forward to continuing our customary annual revenue growth of approximately 10% alongside healthy profitability," he added.

(Reporting by Elisa Anzolin, editing by Gavin Jones)

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