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Italy's Cucinelli expects debt to be 30-35 mln euros by end-2017
August 29, 2017 / 5:07 PM / 23 days ago

Italy's Cucinelli expects debt to be 30-35 mln euros by end-2017

MILAN, Aug 29 (Reuters) - Italy’s Brunello Cucinelli Chief Executive Brunello Cucinelli tells a post-results analyst call that debt, expected to be between 30-35 million euros at the end of this year, is not an issue for the group.

* The CEO confirms he expects revenues of 500 million euros this year.

* He cannot quantify sales growth at the group’s website.

* Group will open about 3 new stores around the world, in line with last few years

* The CEO says: “We can see three years of utmost serenity ahead of us.” Further company coverage: (Reporting by Giulia Segreti)

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