Brunello Cucinelli Releases Strong Semi-Annual Report: Profits Improve, Chinese Market Shows “Huge Growth Potential”

Aug 31, 2023

On the evening of August 29th, Central European Summer Time, following the preliminary performance announcement in mid-July, Italian luxury group Brunello Cucinelli unveiled the complete financial results for the first half of 2023 fiscal year. Sales revenue increased by 31.0% year-on-year to 543.9 million euros (calculated at a fixed exchange rate: +30.5%), and both EBIT (Earnings Before Interest and Taxes), net profit, and EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) achieved double-digit growth.
Brunello Cucinelli, the brand’s founder and CEO of pa …