March 7, 2018 / 4:53 PM / in 5 months

BRIEF-Italy's Brunello Cucinelli 2017 EBITDA At 87.5 Mln Euros

March 7 (Reuters) - ITALY’S BRUNELLO CUCINELLI:

* SAYS 2017 EBITDA 87.5 MILLION EUROS

* SAYS 2017 NET PROFIT 42.1 MILLION EUROS VERSUS THOMSON REUTERS SMART ESTIMATE OF 49 MILLION EUROS

* SAYS TO PROPOSE DIVIDEND OF EUR 0.27 PER SHARE ON 2017 VERSUS 0.16 EUROS PER SHARE PREVIOUS YEAR

* CEO SAYS SEES DOUBLE DIGIT GROWTH IN TERMS OF BOTH REVENUES AND PROFIT IN 2018

* THE SELL-OUTS FOR THE 2018 SPRING/SUMMER COLLECTION ARE PROVIDING “ESPECIALLY POSITIVE” RESULTS

* SAYS SEES IN 2018 TO HAVE A CLOSE-TO-ZERO NET FINANCIAL POSITION AT THE END OF 2018, WITH A FURTHER IMPROVING NEXT YEAR

* INCLUDING BENEFITS OF PATENT BOX, 2017 NET INCOME AMOUNTED TO EUR 52.5 MILLION Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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