Brunello Cucinelli Closes a Record Year and Looks to the Future

(Alliance News) - The board of directors of Brunello Cucinelli Spa reviewed on Monday the preliminary results for fiscal year 2025, which closed with what were described as record achievements, both in terms of revenue and brand positioning.

Revenues reached EUR1.41 billion, up nearly 12% at constant exchange rates and 10% at current rates, surpassing expectations set at the beginning of the year.

Growth was balanced across channels and geographic areas.

Retail posted an annual increase of 13% at constant exchange rates, with an acceleration to 15% in the fourth quarter, while wholesale grew by 8.5% over the full year, also supported by a 6.3% rise in the second half.

Geographically, the Americas generated revenues of EUR520.5 million, up 12% at constant exchange rates; Europe contributed EUR494.6 million, an increase of 8.1%; and Asia reached EUR392.6 million, marking a 15% gain, with China standing out in particular.

The fourth quarter confirmed the positive trend, with sales totaling EUR388.6 million, up about 12% at constant exchange rates, despite a particularly challenging comparison base.

2025 was also a year of strong investment activity, totaling around EUR145 million, equivalent to nearly 11% of revenues. This allowed the company to complete, six months ahead of schedule, the 2024-2026 three-year plan dedicated to Made in Italy artisanal production.

Among the main projects were the doubling of the Solomeo factory and the creation of new tailoring workshops in Penne and Gubbio.

Net financial debt stood at around EUR200 million, reflecting both the intensity of investments and the distribution of dividends totaling EUR69 million, with a 50% pay-out ratio. Progressive improvement is expected in the coming years, thanks to a return to ordinary investment levels.

Looking ahead, the company reports a very positive start for sales of the Spring/Summer 2026 collection and excellent feedback for the Autumn/Winter 2026 pre-collection, factors that reinforce the goal of revenue growth of around 10% in 2026.

Within the framework of the 2024-2028 five-year plan, the group confirms its ambition to reach revenues close to EUR1.8 billion by 2028, while keeping exclusivity, quality, craftsmanship, and sustainability at the core.

Brunello Cucinelli shares closed down 2.0% at EUR97.40 per share.

By Antonio Di Giorgio, Alliance News reporter

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