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Cucinelli Sees Operating Profit Increase 13% in 2024, Confirms Guidance

Italian luxury group Brunello Cucinelli claimed its operating profit had risen almost 13 percent in 2024 and expects sales growth of approximately 10 percent in the next two years.
Brunello Cucinelli lifts full-year sales guidance once again.
According to LSEG data, the guidance was slightly below an analysts' forecast of €214 million. (Shutterstock)
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Italian luxury group Brunello Cucinelli on Thursday said its operating profit had risen 12.9 percent last year and confirmed expectations for sales growth of around 10 percent in 2025 and 2026.

Earning before interest and taxes came in at €212 million ($230.40 million), slightly below an analysts' forecast of €214 million, according to LSEG data.

“The first quarter of the year is drawing to an end with very, very positive results,” the group’s founder and executive Chairman Brunello Cucinelli said in a statement.

By Elisa Anzolin and Alvise Armellini

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Cucinelli Bucks Gloomy Industry Trend With Revenue Rise

As global demand for luxury goods slows, the Italian group keeps growing, helped by its focus on higher-end consumers and by a more limited exposure to China compared to its rivals.

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