Italy's Cucinelli company posts 10. 4 rise in 2014 revenues
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Italy's Cucinelli company posts 10. 4 rise in 2014 revenues
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Italy's Cucinelli company posts 10. 4 rise in 2014 revenues

(AGI) Rome, Mar 10 - Italian luxury goods company BrunelloCucinelli has posted net revenues of 355.9 million euros for2014. This marked a 10.4 percent rise, with earnings beforeinterest, taxes, depreciation and amortisation (EBITDA) up 8.4percent to 63 million euros and net profits up 7.5 percent to31.8 million euros. Company revenues increased in all areas,with international profits up 12.4 percent and domestic profitsup 2.7 percent. Sales rose in all distribution channels: retailmonobrand gained 28.6 percent, wholesale monobrand was up 14.3percent net of conversion through direct channels (equal to anaccounting loss of
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(AGI) Rome, Mar 10 - Italian luxury goods company BrunelloCucinelli has posted net revenues of 355.9 million euros for2014. This marked a 10.4 percent rise, with earnings beforeinterest, taxes, depreciation and amortisation (EBITDA) up 8.4percent to 63 million euros and net profits up 7.5 percent to31.8 million euros. Company revenues increased in all areas,with international profits up 12.4 percent and domestic profitsup 2.7 percent. Sales rose in all distribution channels: retailmonobrand gained 28.6 percent, wholesale monobrand was up 14.3percent net of conversion through direct channels (equal to anaccounting loss of 6.7 percent), and wholesale multibrandincreased 1.5 percent. Investments totalled 39.7 million euros,while net financial borrowing totalled 42.6 million euros. TheBoard will propose a dividend of 0.12 per share, equal to a 25percent payout ratio, at the upcoming shareholders' meeting.(AGI). .
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