Prada S.p.A. financial results
The Board of Directors of Prada S.p.A. recently approved the financial results for the first nine months of 2024, highlighting a robust growth path for the group. Net revenues reached 3.829 billion euros, an increase of 18% compared to the previous year, at constant exchange rates. This result is particularly significant in a market environment characterized by challenges and uncertainties
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Performance in the Retail Sector
Sales in the Retail sector showed an exceptional trend, totaling 3.425 billion euros and recording an increase of 18% on an annual basis. The third quarter of 2024 confirmed this positive trajectory, with like-for-like growth of 18%, demonstrating the brand’s resilience in the face of market challenges. The Prada brand has exceeded the market average, with an increase in retail sales of 4% year-on-year
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Miu Miu growth and key markets
Another of the group’s top brands, Miu Miu, has shown extraordinary growth, with retail sales increasing by 97% year-on-year. This exceptional performance was supported by robust growth in key markets, with double-digit increases in Asia Pacific, Europe, Japan and the Middle East. The Americas also recorded a slight sequential improvement, contributing to the group’s overall success
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Future Perspectives
Looking to the future, Prada S.p.A. is preparing to face market challenges with a strategy focused on sustainable growth and innovation. The group’s ability to adapt and respond to consumer needs will be critical to maintaining this positive momentum. With an expanding customer base and a strong global presence, Prada is well-positioned to continue to thrive in the competitive fashion industry
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