Prada revenues rise 18% to 3.8 bn in 9 mts

(ANSA) - ROME, OCT 30 - Net revenues of Prada in the first nine months of 2024 rose to 3,829 million (+18% at constant exchange rates and +15% at current exchange rates) as well as retail sales to 3,425 (+18% and +15%) with a like-for-like growth of +18% also in the third quarter, the fashion house said Wednesday.
    Retail sales of the Prada brand increased by 4% in the 9 months and by 2% in the quarter, and those of Miu Miu by 97% in the nine months and 105% in the 3 months.
    Double-digit growth was also seen in Asia Pacific (+12% in 9 months at constant exchange rates, +9% at current exchange rates), and confirmed in the quarter.
    CEO Patrizio Bertelli spoke of a "challenging context" and "despite this, development opportunities for our brands".
    (ANSA).