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Press Release BRUNELLO CUCINELLI : the BoD has examined Net Revenues of the first quarter 2021 . ● -SOLOMES AD - MCCCC ● BRUNELLO CUCINELLI Net revenues of € 164.6 million , + 5.1 % at current exchange rates ( + 7.0 % at constant exchange rates ) . Performance by geographical area : Europe + 3.9 % , Italy -3.6 % , Americas -4.8 % , Asia + 28.9 % . ● Performance by distribution channel : retail + 11.5 % , wholesale + 0.4 % . ● Revenues for Q1 2021 compared to 31 March 2020 Revenues for Q1 2021 compared to 31 March 2019 Q1 2021 saw an increase of + 2.6 % at current exchange rates ( + 3.3 % at constant exchange rates ) . Strong growth in Asia ( + 18.2 % ) , solid performance in America ( + 4.0 % ) and Europe ( + 1.5 % ) , a " limited " contraction in Italy ( -17.0 % ) . Both sales channels are growing , with the retail channel increasing by + 3.2 % and the wholesale channel up by + 2.2 % . Brunello Cucinelli , Executive Chairman and Creative Director of the Company , commented as follows : " It is with a feeling of " great positivity " that we disclose our results achieved in the first quarter of this year 2021 , which we have defined as the " year of rebalancing " . It was a very , very positive quarter , which indicates a gradual return to " normality " in daily life , with a strong desire for healthy planning . The taste that the brand represents is currently generating a strong consensus that translates into important international awards that honour our company , our culture , our land and all of us . The more than satisfying performance of spring collection sales and the sizeable quantity of orders in the portfolio for Autumn Winter , with the resulting more than loving feedback of the world press on our collections , make us envisage a year 2021 with an " excellent " growth in turnover of between 15 and 20 % . We also see a healthy increase in sales for the year 2022 , i.e. around 10 % . " 1