Finance
Cucinelli Ups Its Forecasts for 2024 Turnover
Published by Global Banking & Finance Review®
Posted on December 11, 2024
1 min readLast updated: January 27, 2026
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Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 11, 2024
1 min readLast updated: January 27, 2026
Add as preferred source on GoogleBrunello Cucinelli ups its 2024 turnover forecast to 11-12% growth, driven by strong Q3 results and confidence in future collections.
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)
The main topic is Brunello Cucinelli's revised forecast for its 2024 turnover, expecting growth between 11% and 12%.
Brunello Cucinelli expects its turnover to grow by 11-12% in 2024, up from the previous forecast of around 10%.
The revised forecast is attributed to a strong Q3 performance and positive results from Fall-Winter 2024 collections.
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