Italian company Brunello Cucinelli reported a 42 per cent increase in net profit to €123.8 million ($134.8 million) in fiscal 2023.
Revenue surged by 23.9 per cent to €1.139 billion ($1.24 billion), buoyed by growth across America, Europe, and Asia.
The company’s EBIT climbed 39.4 per cent to €187.4 million.
Both retail and wholesale channels experienced growth.Italian company Brunello Cucinelli reported a 42 per cent increase in net profit to €123.8 million ($134.8 million) in fiscal 2023.
Revenue surged by 23.9 per cent to €1.139 billion ($1.24 billion), buoyed by growth across America, Europe, and Asia.
The company’s EBIT climbed 39.4 per cent to €187.4 million.
Both retail and wholesale channels experienced growth.
Italian firm Brunello Cucinelli’s net profit jumps 42% in FY23
