Prada Group revenues surge 29% in FY'13

Double-digit growth was achieved on all markets with an increasingly important role played by Asia Pacific where revenues increased by 32.9% compared to 2011 (+22.7% at constant exchange rates) to reach Euro 1,160.2 million.

The increase achieved in Europe, +28.6% (+27.2% at constant exchange rates) was also very significant. Healthy growth rates were also recorded on other markets: the Americas +23.3%, (at constant exchange rates +14.8%) and even Japan which remains a solid market with a 14.2% increase (+ 7.9% at constant exchange rates). 

The contribution made by the Middle East to the Group’s revenues is becoming important – 11 DOS have been opened in the last two years and the market generated net revenues of Euro 45 million in 2012. 

Brands and products

All of the Group’s brands and product categories performed well. Leather goods registered revenue growth of 42.7%, clothing and footwear increased by 9.9% and 11.7%, respectively. 

Patrizio Bertelli, Chief Executive Officer of Prada Spa, commented “The year 2012 saw the Group set new records in terms of revenues and earnings.

"Based on these results and a sound equity and financial structure, we will proceed along our path of growth with further investment on retail network expansion, confident that, general economic uncertainty notwithstanding, the work that has been done over the past few years has laid the foundations for the future success of our business.”

PRADA Group

The PRADA Group is one of the world leaders in the luxury goods sector where it 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.

Prada