• Profit jumped 72% to EUR13.3m (US$17.6m) from EUR7.7m 
  • Revenue up 16.5% to EUR157.6m versus EUR135.2m
  • Gross margin improved 50 basis points to 32.2%

Italian luxury goods company Brunello Cucinelli SpA remains confident in its full-year outlook after nearly doubling its first-half profit, driven by higher sales in the US and Europe.

The company saw "significant growth" in international markets, where sales grew 23.1% during the three months to 30 June, driven by the US and Europe, while the Italian market saw revenues edge down 1.2%.

North America alone posted a 32.3% increase in revenues, while Europe booked a 24.5% rise. Greater China saw revenues grow 16.8%, while the rest of the world reported a 3.9% decline.

Group chairman and managing director Brunello Cucinelli said: "We do not want to conceal from you our great satisfaction with our company's performance in this first semester. Results are special and therefore we envisage a very important 2013 with a sustainable double-digit growth in terms of both revenues and profit.

"Our spring/summer 2014 men's and women's collections have been considered very interesting and innovative by the market. Therefore we are looking at 2014 with great positivity."

In addition, plans to merge Brunello Cucinelli Capri Srl and Brunello Cucinelli Marittima Srl into Brunello Cucinelli have been approved by the board, as the company looks to simplify its corporate structure and optimise resources.