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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Brunello Cucinelli S.p.A.    BC   IT0004764699

BRUNELLO CUCINELLI S.P.A.

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Brunello Cucinelli sales support double-digit growth prospects

07/18/2013 | 02:04pm EST
To match feature ITALY-CUCINELLI/

MILAN (Reuters) - Italian cashmere specialist Brunello Cucinelli (>> Brunello Cucinelli SpA) reiterated its pledge to deliver double-digit full-year growth on Thursday as it posted a 16.5 percent rise in preliminary first-half revenue.

MILAN (Reuters) - Italian cashmere specialist Brunello Cucinelli (>> Brunello Cucinelli SpA) reiterated its pledge to deliver double-digit full-year growth on Thursday as it posted a 16.5 percent rise in preliminary first-half revenue.

Sales hit 157.6 million euros ($206.32 million) for the period, driven by strong growth in the United States and Europe.

Chief executive Brunello Cucinelli forecast double digit growth in both revenue and profit for the full year, and growth of one percentage point even in recession-hit Italy, where first-half sales dropped 1.2 percent.

Shares in Brunello Cucinelli, which works its cashmere sweaters in a medieval hamlet in the leafy central Italian region of Umbria, have soared more than 80 percent over the past year, creating high growth expectations in the market.

"What I expect investors want to see from Brunello is continuing above average top-line growth, otherwise the multiple may depress," said Exane BNP Paribas analyst Luca Solca.

The luxury goods sector has held up in the face of constrained consumer spending in Europe and softening growth in China. French fashion house Hermes (>> HERMES INTERNATIONAL), whose market value is almost 20 times that of Brunello Cucinelli, reported 16 percent second-quarter sales growth on Thursday [nL6N0FO0AD].

Cucinelli, who listed his firm on Milan's bourse last April, told Reuters he had no plans to sell new shares.

"For now, honestly, there are no projects, other than to work all day on the products, which is my passion," Cucinelli said. Fellow Italian cashmere company Loro Piana, bought by French conglomerate LVMH (>> LVMH) last week, was sold with "a veiled sadness", he said.

($1 = 0.7639 euros)

(Reporting by Isla Binnie; editing by Patrick Graham)

By Isla Binnie

Stocks treated in this article : HERMES INTERNATIONAL, LVMH, Brunello Cucinelli SpA

© Reuters 2013
Stocks mentioned in the article
ChangeLast1st jan.
BNP PARIBAS -0.18% 44.34 Real-time Quote.3.05%
BRUNELLO CUCINELLI S.P.A. 1.75% 34.84 Delayed Quote.-4.09%
HERMÈS INTERNATIONAL 0.85% 875.6 Real-time Quote.-1.30%
LVMH MOËT HENNESSY - LOUIS VUITTON SE -0.02% 507.6 Real-time Quote.-0.63%
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Financials
Sales 2020 543 M 661 M 661 M
Net income 2020 -29,5 M -35,9 M -35,9 M
Net Debt 2020 579 M 705 M 705 M
P/E ratio 2020 -85,4x
Yield 2020 0,55%
Capitalization 2 369 M 2 877 M 2 883 M
EV / Sales 2020 5,43x
EV / Sales 2021 4,76x
Nbr of Employees 2 024
Free-Float 39,5%
Chart BRUNELLO CUCINELLI S.P.A.
Duration : Period :
Brunello Cucinelli S.p.A. Technical Analysis Chart | BC | IT0004764699 | MarketScreener
Technical analysis trends BRUNELLO CUCINELLI S.P.A.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Average target price 30,18 €
Last Close Price 34,84 €
Spread / Highest target 9,07%
Spread / Average Target -13,4%
Spread / Lowest Target -45,5%
EPS Revisions
Managers and Directors
NameTitle
Brunello Cucinelli Chairman & Chief Executive Officer
Moreno Ciarapica Chief Financial Officer & Executive Director
Giovanna Manfredi Director
Riccardo Stefanelli Executive Director & Chief Commercial Officer
Candice Koo Independent Director
Sector and Competitors