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5 months ago
BRIEF-Brunello Cucinelli expects 2017 revenues of 500 mln euros
March 9, 2017 / 7:05 PM / 5 months ago

BRIEF-Brunello Cucinelli expects 2017 revenues of 500 mln euros

March 9 (Reuters) - Brunello Cucinelli CEO tells a post-results analyst call:

* expects revenues at the end of this year at 500 mln euros

* expects group net financial position at 40-42 million euros at end-2017

* expects payout ratio at end-2017 of 35 percent

* group plans to invest between 85-90 million euros in the period 2017-2019

* expects debt to be equal to 4 percent of group revenues at the end of 2019 Further company coverage: (Reporting by Milan newsroom)

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