Home / Knowledge / News / Apparel/Garments / Revenue zooms 47.9% at Prada in Q1 FY'12
Revenue zooms 47.9% at Prada in Q1 FY'12
Jun '12
The Prada spa Board of Directors reviewed and approved the consolidated results for the quarter ended April 30, 2012.

Consolidated Net Revenues amounted to Euro 686.7 million, a 47.9% increase (+41.5% at constant exchange rates) on the Euro 464.3 million reported for first quarter 2011.

EBITDA amounted to Euro 200.1 million, a 77.2% increase on same period of last year, and represented 29.1% of consolidated net revenues. EBIT amounted to Euro 164.8 million, a 105.6% increase on first quarter 2011, and represented 24% of consolidated net revenues.

NET INCOME increased from Euro 57.7 million in first quarter 2011 to Euro 121.7 million in first quarter of this year.

Cash flow generation enabled the Group to finance its capital expenditure for the period
(Euro 55.3 million) and to improve its Net Financial Position which showed net cash of Euro 122.4 million at April 30, 2012.

PRADA spa Analysis of revenues In the quarter ended April 30, 2012, DOS sales amounted to Euro 569.7 million, 49% more than in first quarter 2011 (+41.7% at constant exchange rates). Same Store Sales Growth (SSSG) was also significant in the quarter and stood at 19%. The wholesale channel also enjoyed 41.5% growth (+39.4% at constant exchange rates), partially as a result of the delayed deliveries from prior year.

All Group brands contributed towards these results with Prada and Miu Miu recording particularly high growth rates of +53.2% and +30.8%, respectively.

Moving on to sales by geographical area, we must highlight the excellent performance in Europe which achieved growth of +55.5% in the quarter, also thanks to the rising number of travelers.

Excellent performances were also achieved in the Asia Pacific area which grew by 46.9%, in the Americas which grew by 34.1% and in Japan which enjoyed 38.7% growth.

All product categories contributed towards the Group's net revenue growth. Leather goods (+58.2%) now account for more than 62% of consolidated sales while clothing and footwear (+29.7% and +36.3%, respectively) also recorded strong growth.

The Group has continued its strategy of international expansion of the DOS network: eight new DOS were opened in first quarter 2012 followed by seven more in the following weeks, taking the retail network to a total of 402 DOS.

Patrizio Bertelli, Chief Executive Officer of Prada Spa, commended: “We are extremely pleased with the results achieved this quarter in terms of sales and profitability, especially as we have achieved them in an uncertain and very unpredictable international environment.

“We are more certain than ever that we have chosen the correct route to growth based on a balanced geographical presence around the world and on the strength of our brands.

"We remain confident of our ability to achieve our objectives and shall closely monitor the economic situation in the countries where we operate to ensure that our strategy of medium-term growth is compatible with requirements on the various markets.”

Prada spa

Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search