Earnings release
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Press Release -SOLOMES AD - MCCCC BRUNELLO CUCINELLI : the Board of Directors examined Sales Results as of 30/09/2021 . BRUNELLO CUCINELLI ● • Net revenues of € 502.6 million , up + 9.4 % at current exchange rates ( + 12.2 % at constant exchange rates ) compared to 30 September 2019 ; ● Revenues for the first 9 months 2021 : performance compared to September 30 , 2019 • Excellent growth was reported in Asia + 18.0 % , Europe + 14.1 % , the Americas + 7.9 % , with a limited drop in Italy of -6.9 % ; Retail channel up + 15.6 % and wholesale up + 3.3 % . In the third quarter of 2021 , net revenues amounted to € 188.8 million , up 12.5 % compared to the same period in 2019 . Revenue for the first 9 months 2021 : performance compared to September 30 , 2020 Growth of + 32.7 % at current exchange rates compared to September 30 , 2020 ( + 35.4 % at constant exchange rates ) : Asia + 35.9 % , Americas + 37.4 % , Europe + 31.6 % , Italy + 21.0 % , with the retail channel growing by + 56.5 % and the wholesale channel by + 13.5 % . Brunello Cucinelli , Executive Chairman and Creative Director of the Company , commented : " The first nine months of the year have gone very , very well indeed ; the Autumn Winter 2021 collections are proving very successful worldwide and everywhere we are seeing a strong desire to return to physical stores . We honestly couldn't have imagined such an excellent result just a year ago . All this leads us to envisage that we will end the current year with a wonderful 25 % growth in turnover compared to 2020 . Also thanks to the " DESIGNER OF THE YEAR 2021 " award from the prestigious British magazine GQ , our brand is receiving countless certificates of appreciation for its stylistic expression as well as for the way it relates to humanity and the territory , and with the Spring Summer 2022 order collection now complete , we can imagine a next year lived in the healthy balance between work and private life with a growth in turnover of around 10 % " . 1