Prada SpA ( (PRDSF) ) has released its Q4 earnings. Here is a breakdown of the information Prada SpA presented to its investors.
Prada S.p.A., a prominent player in the luxury goods industry, is known for its high-end fashion brands such as Prada, Miu Miu, Church’s, and Car Shoe, and operates in various sectors including leather goods, footwear, ready-to-wear, food, sailing, eyewear, and beauty. The company, listed on the Hong Kong Stock Exchange, reported strong financial performance for the year ending December 31, 2024, with net revenues of €5.43 billion, marking a 17% increase at constant exchange rates compared to the previous year. Retail net sales saw a significant boost, particularly for the Miu Miu brand, which experienced a 93.2% increase, while the Prada brand grew by 4.2%. Geographically, Japan led with a 45.8% increase in sales, followed by notable growth in the Middle East, Europe, and Asia Pacific. The company’s EBIT rose by 20.5% to €1.28 billion, and net income increased by 25% to €838.9 million. Prada’s management remains optimistic about future growth, focusing on enhancing customer experience through store renovations and digital transformation, while also committing to sustainability initiatives.