Prada achieves solid growth
Prada Group, one of the world leaders in the luxury goods sector, approves results for the nine months.
EBITDA amounted to Euro 821 million and increased by 12.8% on the same period in 2012, representing 31.9% of consolidated net revenues.
EBIT amounts to € 677.8 million, 26.3% of consolidated net revenues and up by 10.7% on the first nine months of 2012. The net financial position is positive by Euro 303.5 million after financing capex for the period of Euro 416 million and distributing dividends of Euro 230 million to shareholders.
Distribution channels Sales by directly operated stores (516 DOS at October 31, 2013) totaled € 2,182 million with a 13.8% increase compared to the first nine months of 2012 (+18.7% at PRADA spa constant exchange rates).
The Prada Group operates with the Prada, Miu Miu, Church’s and Car Shoe brands in the design, production and distribution of luxury handbags, leather goods, footwear, apparel and accessories.
The Group also operates, under licensing agreements, in the eyewear, fragrances and mobile telephone sectors. Its products are sold in 70 countries worldwide through 516 directly operated stores, 2013 and a select network of luxury department stores, independent retailers and franchise stores.