Brunello Cucinelli SpA

MIL:BC

Revenue beat: First-half revenue reached EUR 749 million, up 13.3% at constant exchange rates, and management raised full-year 2026 growth guidance to 10%-11% from 10%.

Margins improved: EBIT rose 12.6% to EUR 128.2 million and EBIT margin improved to 17.1% from 16.6%, helped by a better sales mix and strong retail growth.

Retail strength: Retail sales grew 19.3% at constant exchange rates in the first half, with especially strong performance in the second quarter and across all key regions.

2027 confidence: Management said order intake for spring/summer 2027 was excellent and expects another year of healthy growth of around 10%.

Balance sheet: Net financial debt increased to EUR 225.1 million, but management expects a meaningful reduction by year-end as cash generation improves in the second half.

Digital push: The company highlighted its Callimacus AI platform and said direct e-commerce now accounts for about 7% of total revenue.