Home / Knowledge / News / Apparel/Garments / Prada achieves satisfying results in first six months
Prada achieves satisfying results in first six months
Sep '12
Mr. Patrizio Bertelli
Mr. Patrizio Bertelli
The Prada SpA Board of Directors today examined and approved the interim report for the six months ended July 31, 2012 which shows positive results, in line with the trend of growth now enjoyed by the Group for a number of reporting periods.

Consolidated Net Revenues totaled € 1,547.4 million, a 36% increase (+28% at constant exchange rates) on the € 1,134.3 million reported in the first half of 2011.

EBITDA amounted to € 469.4 million – reaching 30% of consolidated net revenues – and increased by 49% compared to the first half of 2011.

EBIT stood at € 394.9 million - or 25% of consolidated net revenues – with a 55% increase on the first half of 2011.

Net Income increased by 59% from € 179.5 million in the first half of 2011 to € 286.4,

18.5% on net revenues.

Cash flows generated enabled the Group to finance its capital investment during the period, pay dividends of € 126 million to shareholders and improve the Group’s Net Financial Position which was positive by € 82.5 million at the end of July 2012.

Analysis of revenues

Distribution channels

In line with the strategy pursued by the Group for several years now, revenue growth was again driven by the retail channel which, thanks to the opening of new stores and organic  growth, achieved a further increase of 47% (+37% at constant exchange rates), reaching 80.7% of consolidated sales.

Same Store Sales Growth, SSSG (at constant exchange rates) of 19% was particularly significant and line with the first quarter.  This was all the more impressive considering the strong growth already achieved in the first half of 2011.

The wholesale channel, broadly in line with the first half of 2011, generated net revenues of € 294.7 million, with an increase of 4% (+1% at constant exchange rates).


The licensing business also recorded a strong 34% increase in royalties, mainly following the launch of the new Prada by LG version 3.0 cell phone which, with almost 500,000 units sold, confirms that Prada remains a point of reference for innovation and design.


All of the Group’s brands performed well, especially Prada which enjoyed 40% growth.  Strong growth was also achieved by Miu Miu, +23%, Car Shoe, +16% and Church’s + 15%.


Growth was achieved across all markets with stand-out performances recorded in Asia Pacific – where a 44% revenue increase was recorded (+31% at constant exchange rates) – and Europe where, notwithstanding the weak economic situation, rising tourist numbers led to a 31% revenue increase for the six-month period. Positive results were also achieved in the Americas with +30% (+18% at constant exchange rates) and Japan with + 34% (+19% at constant exchange rates).

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search