(Alliance News) - The board of directors of Brunello Cucinelli Spa on Monday reviewed preliminary figures for 2023, a yearclosed with revenues of EUR1.14 billion, up 24 percent from 2022, when they were EUR919.7 million.

Among geographic areas, the Americas grew by 21 percent, Europe by nearly 17 percent while Asia recorded a growth delta of 40 percent.

Among distribution channels, retail increased by 30 percent while wholesale improved by 13 percent.

The company writes in the note that "core net debt maintains a parity with the previous year, with a value as of December 31, 2023 of approximately EUR7 million."

Looking to the future, "we are very confident about achieving the beautiful growth estimated for 2024, in the region of 10 percent, with very attractive margins and profit, within our idea of gentle growth and healthy profit. We believe we can also estimate for the year 2025 a balanced and solid increase in sales in the region of 10 percent."

Brunello Cucinelli closed Monday's session in the green by 2.3 percent at EUR84.75 per share.

By Maurizio Carta, Alliance News reporter

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