Home / Knowledge / News / Fashion / Fashion brand Prada EBITDA mounts 8.6% in 2013
Fashion brand Prada EBITDA mounts 8.6% in 2013
07
Apr '14
The Prada spa Board of Directors met to review and approve the separate financial statements of Prada spa and the consolidated financial statements for the year ended January 31, 2014.
 
Highlights: 
-Consolidated net revenues of Euro 3,587 million, +9% 
-EBITDA of Euro 1,143 million, +9%
-EBIT of Euro 939 million, +6%
-Net income of Euro 628 million, in line with prior year
-Positive net financial position of Euro 296 million
 
In 2013, the PRADA Group successfully continued its expansion in the global luxury goods market. By combining quality, stylistic innovation, excellent customer service and a retail presence in the most prestigious international locations, for the fourth consecutive year, the Group achieved a high rate of growth and operating profit among the highest in the sector.
 
Consolidated net revenues totaled Euro 3,587.3 million, an 8.8% increase (+13.3% at constant exchange rates) on the Euro 3,297.2 million reported for 2012.
 
EBITDA grew by 8.6% compared to 2012 to reach Euro 1,143.2 million, remaining stable at 31.9% of consolidated net revenues.
 
EBIT also grew by 5.6% to stand at Euro 939.2 million even though the major capex program carried out in recent years has led to higher depreciation and amortization.
 
Net income was somewhat hit by foreign exchange losses and a greater tax burden but still amounted to Euro 627.8 million, broadly in line with prior year.
 
The net financial position was positive by Euro 296 million and benefited from strong cash flow generation which financed major investing activities during the year – including the purchase of a prestigious property on Old Bond Street, London – and the distribution of dividends of Euro 230 million to the shareholders.
 
The Board proposes payment of a dividend of Euro 0.11 per share. This proposal will be put to the Shareholders’ General Meeting convened on May 22.
 
Click here to view full results.
 

Prada


Must ReadView All

US President-elect Joe Biden. Pic: Stratos Brilakis / Shutterstock.com

Textiles | On 27th Nov 2020

Not much change in trade policies anticipated under Biden

US President-elect Joe Biden seems more assuring to the European...

Pic: Shutterstock

Apparel/Garments | On 27th Nov 2020

Bangla RMG units to get loans for COVID safety measures

Bangladeshi garment units will get low-cost funds up to Tk 30 crore...

Pic: Shutterstock

Retail | On 27th Nov 2020

Macy’s Q3 FY20 digital sales grow 27%

Macy’s, a US-based premier omni-channel fashion retailer, reported...

Interviews View All

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Textile Industry, Head honchos

Textile Industry
Head honchos

Trade buzz: This could be a landmark budget

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

KK Lalpuria,

KK Lalpuria

Indo Count Industries is an India-based home textile company engaged in...

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

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

Akta Adani, India Boulevard

Akta Adani
India Boulevard

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

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2020

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


Advanced Search