Cucinelli's operating profit rises 19% in first half

Italian luxury group Brunello Cucinelli posted a 19.3% increase in first-half operating profit on Wednesday, reaching 104.6 million euros ($116.4 million), and confirmed its sales guidance for the year.

“We completed the 2024 summer sales very successfully, and the winter sales were off to a very good start,” Executive Chairman Brunello Cucinelli said in a statement.

In July the Italian group reported a 14.7% increase at constant exchange rates in first half revenues, thanks to double-digit growth in Asia and the Americas.