Brunello Cucinelli S.p.A. (BCUCY) Q1 2026 Sales/Trading Call Transcript

SA Transcripts159.25K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Brunello Cucinelli S.p.A. (BCUCY) Q1 2026 Sales/Trading Call April 9, 2026 12:00 PM EDT Company Participants Brunello Cucinelli - Executive Chairman & Creative DirectorLuca Lisandroni - MD, CEO & Executive DirectorRiccardo Stefanelli - MD, CEO & Executive Director Conference Call Participants Andrea Randone - Intermonte SIM S.p.A., Research DivisionChiara Battistini - JPMorgan Chase & Co, Research DivisionNatasha Banoori - Morgan Stanley, Research DivisionChris Huang - UBS Investment Bank, Research DivisionJames Grzinic - Jefferies LLC, Research DivisionOriana Cardani - Intesa Sanpaolo Equity ResearchPaola Carboni - Equita SIM S.p.A., Research Division Presentation Operator Good evening, and welcome to the presentation of the first quarter 2026 revenues of the Maison Brunello Cucinelli. Speakers will be Brunello Cucinelli, Executive Chairman and Creative Director; Luca Lisandroni, CEO; Riccardo Stefanelli, CEO; Dario Pipitone, CFO; Moreno Ciarapica, Co-CFO Senior; and Pietro Arnaboldi, Investor Relations and Corporate Planning Director. [Operator Instructions] Now I would like to hand over to Brunello Cucinelli. Brunello CucinelliExecutive Chairman & Creative Director Good evening. Welcome back, as usual, journalists, analysts, investors and dear friends. This is the second call of the year, but it is actually the first to discuss 2026 on the occasion of the Q1 revenue figures. We believe it is a very important call because we -- of the period we are living through. This is why we would define the scope as extremely important. All of us are present, 10 of us, as usual, and the call will proceed as follows. I will read out the key figures, then Luca will provide you with a careful global overview of the markets. Then I will resume sharing our forecast for 2026 in detail and also some visibility on 2027. Then together with Riccardo, we will summarize the following investments in artisanal production capacity, our elasticity, flexibility and reversibility that was already tested in 2020 during the pandemic and also in 2021 when we resumed our business and activities following