Prada 1913

[winston]

not vested

PRADA 9M23 Net Revenues of EUR3.344B Up 16.8%

PRADA (01913.HK) announced that in the first nine months of this year, it recorded net revenues of EUR3.344 billion, up 16.8% year-on-year at constant exchange rates.

Among which, retail net sales increased by 17.1%.

As of September 30, 2023, the Group operated 602 stores.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/analy ... stock-news

[winston]

not vested

Prada sparkles with 44pc rise in earnings

Net profit advanced 44.2 percent to EUR671 million (HK$5.72 billion) last year compared to a year ago

Sales increased by 17.2 percent to EUR4.73 billion at constant exchange rates in 2022.

Americas remained flat with a 0.3 percent increase.

Source: AP

https://www.thestandard.com.hk/section- ... n-earnings

[winston]

not vested

Targeting at industry outperformance

Prada scored double-digit growth third year in a row, achieving 17% revenue growth for 2023 on constant currencies that was mostly driven by like-for-like sales.

EBIT up 36.8% and net profit up 44.2%, in line.

Latest 2M24 sales stayed on track and trailed its sound 4Q23 performance trend

With targets to achieve an above-industry growth and better operating leverage for potential EBIT margin expansion, we maintain BUY. TP HK$75.

Source: DBS

https://www.dbs.com/insightsdirect/comp ... ecid=18547

[winston]

not vested

Prada outshines rivals with 16% revenue lift boosted by Miu Miu

Booming demand for its high fashion brand Miu Miu and continued growth in Asia.

Sales up 16 per cent to 1.19 billion euros (S$1.7 billion) at constant exchange rates, slightly above a 1.14 billion euro consensus.

Gucci-owner Kering forecast a 40 to 45 per cent plunge in first-half operating profit, after first-quarter sales declined. LVMH’s sales grew 3 per cent in the first quarter.

Prada’s retail sales grew by 7 per cent in the January-to-March period, while Miu Miu, which contributes around 15 per cent of total sales, posted an 89 per cent increase.

Source: Business Times

https://www.businesstimes.com.sg/compan ... ed-miu-miu