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The exceptional business performance of Prada

The Italian fashion icon Prada has reported an exceptional 10 percent revenue growth for the first 9 months of 2013

The exceptional business performance of Prada

Claudia Astarita

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The Italian fashion icon Prada has reported an exceptional 10 percent revenue growth (Euro 2,576.1 million) for the first 9 months of 2013. According to official statistics, "at constant exchange rates, the rate of growth would have been 14.3%. [...] Net income has increased by 7.9% to Euro 440.9 million and represents 17.1% of consolidated net revenues".

"Japan and the U.S. were Prada Group's best performing markets with sales increases of 18,6% and 13,5% respectively. Asia Pacific growth slowed down slightly in the third quarter but continued to be strong at 14.4%". Finally, while the Prada brand achieved double digit growth of +12.7%, Miu Miu remained stable at +2% and Church's at +2.2%.

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