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

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Steve Cole
Xerium Technologies

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Mike Hoffman
Gildan Activewear SRL

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

Divvya and Nidhhi Gambhir

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search