BCU.MI Clothing Manufacturers Annual Sales Increased By 15.4% In Line With Analysts' Expectations

Luxury goods in Italy Garment manufacturer BrunelloCucinelliSpA (BCU.MI) released preliminary sales data for fiscal year 2013 on Thursday, pointing out that the total annual sales reached 322 million 500 thousand euros, up 15.4% from the 279 million 300 thousand euro in fiscal 2012, which is in line with analysts' expectations.

BrunelloCucinelliSpA ( BCU.MI ) the expansion of the retail network helped boost sales, and the annual sales growth of retail channels increased to 50%, to 115 million 400 thousand euros, to 35.8% of total sales. Wholesale channel business rose 1.2% to 33 million 100 thousand euros over the same period, accounting for 173 million 900 thousand euros in sales of multi brand sales channels, which accounted for 53.9% of total sales, up 2.5% over the same period in the 2012 fiscal year.

The Greater China region recorded a 52.5% sales increase. BrunelloCucinelliSpA (BCU.MI) the main driving force for growth. In the 18 BrunelloCucinelli boutiques as of December 31, 2013, 15 million 700 thousand euros were sold to the group, accounting for 4.9% of the total sales.

Sales in the United States increased by 23.2% to 109 million 100 thousand euros, and Europe grew 20% to 107 million 900 thousand euros, accounting for 33.8% and 33.5% of the total sales respectively. The world's other markets increased by 5.7% to 23 million 100 thousand euros; Italy was the only declining market, with a decrease of 2.9% to 66 million 700 thousand euros over the same period.

BrunelloCucinelliSpA (BCU.MI) chairman and chief executive officer of the board BrunelloCucinelli The 2014 autumn and winter series released just at PittiUomo men's Wear Exhibition in Florence has received a positive and strong response, while the order of the spring and summer series is also ideal. Therefore, sales and profits are expected to continue to achieve double-digit growth this year, while Italy will also resume positive growth.

The investment budget of BrunelloCucinelliSpA (BCU.MI) for 2014-15 years is 60 million euros. With the revival of men's suits in the European and American markets, part of the budget will be used to increase the sales area of men's wear in existing stores. Men's business goals account for 33% of total revenue.

The group plans to continue last year's dividend policy, accounting for 26% of the net profit.

BrunelloCucinelliSpA (BCU.MI) reported 22.94 euros in Italy time at 10:42 in January 17th, an increase of 3.10%. Since its listing in 2012, it has risen 230%, but the market is worried that the luxury industry will have a difficult future in 2014, since from January 7th to 16th, BrunelloCucinelliSpA (BCU.MI). Price of stock The cumulative decline of 14%, BrunelloCucinelli expressed no concern: "I always think that our stock can achieve an annual increase of 20-25%. It's normal to slip a little. "