Net revenue

Italian brand Brunello Cucinelli’s net sales climb 32.3% in the first half of 2022

Brunello Cucinelli net sales in the first half (1st semester) of fiscal year 2022 were recorded at €415.2 million, up 32.3% at current exchange rates (28.3% at constant exchange rates) compared to the first half of 2021. In the second quarter, revenues increased by 46.4%, no doubt helped by the limited exchange value of the 2021 financial year.

The company has experienced significant growth in all areas: Americas; 52.7%, Asia; 27.2%, Europe; 20.7%, Italy; 19.7 percent. Revenue grew strongly in both the retail channel, up 47.0%, and the wholesale channel, up 16%.

“The performance of the first half of 2022 was particularly good, with significant sales both in quantity and quality. The fall season has started with excellent results and remarkable image value, so all this leads us to imagine a record year, with sales growth of around 15%. In the major capitals of the world we have created spaces that we call Casa Cucinelli and which we believe give nobility and prestige to the brand. The significant order intake for the spring-summer 2023 men’s collection leads us to expect good growth of around 10% for next year. Brunello Cucinelli, Executive Chairman and Creative Director of Casa di Modasaid.

Brunello Cucinelli net sales in the first half (1st semester) of fiscal year 2022 were recorded at €415.2 million, up 32.3% at current exchange rates (28.3% at constant exchange rates) compared to the first half of 2021. In the second quarter, revenues increased by 46.4%, no doubt helped by the limited exchange value of the 2021 financial year.

Strong demand growth in Europe, North America and the Middle East allowed the company to more than offset the effects of restrictions in the Russian market and weaker-than-expected growth in the Chinese market, which facing the period of the strongest pandemic-related restrictions in recent months, the company said in a press release.

The excellent results for the first half of 2022, the good order intake and the first sold-outs of the Fall/Winter 22 collections, confirm the brand’s extremely positive momentum and the absolute appreciation of the taste it represents. These elements have allowed the company to imagine a good year 2022, a year that the company considers to be a record, with revenue growth of around 15%.

Fibre2Fashion (RR) Press Office