Net revenues slip 9% at Prada Group in FY17

EBITDA in the period under review amounted to €653.4 million or 20.5 per cent of revenue as against 22.6 per cent of revenue in the previous fiscal.

Net income in fiscal 2017 totalled to €278.3 million or 8.7 per cent of revenue, which was also down from 9.3 per cent of revenue in fiscal 2016.

During the fiscal, the group generated a strong operating cash flow of €632 million, up from €368 million in the earlier fiscal, primarily due to the efficient management of net working capital, in particular to the significant reduction in inventory levels. (AR)

Fibre2Fashion News Desk – India