Brunello Cucinelli up as Q3 revenue beats estimates

Brunello Cucinelli SpA

02/10/2025 11:15

** Shares in Brunello Cucinelli BCU.MI up 2%, paring gains after rising 4.2%

** The Italian luxury company posts a 12% increase in Q3 revenue to 336 million euros ($395 million), above the consensus number of 329 million cited by Jefferies

** After a short-seller report Brunello Cucinelli reaffirms that it operates in Russia in line with EU rules, adding its sales in the country nearly halved to 1.4% of the group revenue in first nine months of 2025

** Equita slightly ups its estimate for FY revenue growth to +10.5% from +10% following the results, and raises its price target by 1% to 104 euros

** Equita says Cucinelli's clarification on its standing in Russia "may help mitigate the reputational impact that the arguments contained in the report had on the stock"

** Bernstein analysts say share price drop "offers the opportunity to enter a high-quality, defensive luxury name at a discount, even if it may take some time for investors to regain confidence in their story"

** Shares in the company narrow YTD losses to 12%

($1 = 0.8509 euros)

 (Reporting by Laura Contemori)

 ((Laura.contemori@thomsonreuters.com))