Brunello Cucinelli

Converted from EUR at this period's average rate. The change is as the company reported it, in EUR.

The Italian 'quiet luxury' label kept compounding: first-half revenue rose 13.3% at constant currency (9.5% as reported, to €749mn) and its EBIT margin improved to 17.1% from 16.6%, with EBIT up 12.6% to €128mn. Net profit grew a more modest 2% to €78mn as a swing in currency gains raised financing costs. Asia — the region that houses Japan — grew 14.1% at constant currency to 28.7% of sales, led by China; Japan isn't broken out separately, but the company said local demand there stayed positive, roughly in line with the first quarter, and it raised full-year guidance to 10–11% constant-currency growth.

Converted from EUR at this period's average rate. The change is as the company reported it, in EUR.

The Italian 'quiet luxury' label stayed a standout, with first-quarter revenue up 14% at constant currency (+8% reported) and full-year growth guided at around 10%. Asia — its China-led region that also contains Japan — rose 18% at constant currency; Japan isn't disclosed separately.