(Reuters) - Italian luxury group Brunello Cucinelli on Wednesday raised its sales growth guidance for 2023 to 15%, up from its previous estimate of 12%, on the back of a strong start to the year and significant orders for coming seasons.
The brand known for cashmere clothing posted earnings before interest and taxes (EBIT) at 134.4 million euros ($141.6 million), above a 133.0 million euros analyst forecast based on a SmartEstimates consensus provided by Refinitiv.
Brunello Cucinelli proposed the distribution of a dividend of 0.65 euros per share. ($1 = 0.9490 euros)
(Reporting by Romolo Tosiani; Editing by Keith Weir)
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Founder of Brunello Cucinelli SpA, Progetto Digitale Srl and Brunello Cucinelli Hong Kong Ltd., Brunello Cucinelli presently is Executive Chairman for Brunello Cucinelli SpA, Chairman at Teatro Stabile dell'Umbria and Chairman & Chief Executive Officer at Fedone Srl. Mr. Cucinelli is also on the board of Fondazione Altagamma, Cashmere Paris SARL, Cucinelli Brunello Europe SRL and Parmenide SRL and Chairman of Foundation Brunello Cucinelli.
View full profile| Linked companies | |
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| BRUNELLO CUCINELLI S.P.A. | Founder |
| Fedone Srl | Chief Executive Officer |
