New record high in Piazza Affari for the Brunello Cucinelli title, which reached an intraday peak of 69.1 euros and at the end of the session on December 7 was at 9% with 68.7 euros. The performance was triggered by improved turnover forecasts for 2022. After the results of the 9 months and the sales of October and November, the company estimates a growth in turnover of around +28%. "The orders in the portfolio for Spring–Summer 2023 are very consistent both in terms of quantity and quality; this leads us to imagine a very, very interesting 2023, with a healthy growth of around 12% and just profit; consequently it is plausible to think that we can reach a very important goal, that is 1 billion in turnover," said Brunello Cucinelli, Executive President and Creative Director of the fashion house. According to Jefferies analysts, "Brunello Cucinelli is part of that luxury segment not penalized by slowing consumption in all geographical areas. A further outperformance would not be a surprise for us".
|