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Brunello Cucinelli’s net revenues for the year 2022 were 914.4 million euros compared to 712.1 million the previous year.<\/p>\n
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In Europe, the cashmere specialist’s revenues grew 20% to 263.8 million euros from 219.1 million euros in 2021. In Italy, the House posted preliminary 2022 consolidated net revenues of \u20ac102.6 million, up 22% from \u20ac84.2 million in 2021.<\/p>\n
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The House’s investments in 2022 reached 73 million euros, plus the acquisition of a 43% stake in Lanificio Cariaggi Cashmere<\/strong>. The cost amounted to 15.1 million euros and was financed entirely with equity, according to a statement from the company listed on the Milan Stock Exchange.<\/p>\n <\/p>\n “In 2023, the significant orders in the portfolio for spring-summer 2023, both in terms of quantity and quality, and the excellent start to the fall-winter 2023 sales campaign contribute to our expectations of an interesting year<\/em>,” the Italian company said in a statement. “The men’s collection will be presented to the press these days at Pitti, and the women’s collection during the February fashion week in Milan<\/em>” .<\/p>\n <\/p>\n For this new year, Brunello Cucinelli expects a growth of about 12%<\/strong>, to reach the target of one billion euros in sales. The group added: “In 2024, we consider a revenue growth of 10% reasonable, and we finally believe we can achieve the doubling of revenues well ahead of the initial planning of the 10-year plan started in 2019, which envisaged reaching this goal in 2028.”<\/p>\n <\/p>\n The company added that a buyback plan would be launched, involving some 47,250 Brunello Cucinelli common shares<\/strong>, for a maximum amount of about 3.6 million euros. On Monday, it closed up 2.1% at 71.50 euros per share.<\/p>\n <\/p>\n <\/p>\n Read also >Interparfums raises its 2022 financial forecast<\/a><\/p>\n