Prada Group Reports Strong Financial Growth for 2024

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Prada Group Reports Strong Financial Growth for 2024

Prada SpA ( (HK:1913) ) has shared an announcement.

Prada Group announced a notable financial performance for the year ending December 31, 2024, with net revenues reaching €5,431.6 million, marking a 17% increase at constant exchange rates compared to 2023. The company saw substantial growth in retail net sales, particularly with the Miu Miu brand, which surged by 93.2%. The Group’s EBIT rose by 20.5%, and net income increased by 25%, reflecting strong operational performance. The positive net financial position and proposed dividend distribution highlight Prada’s robust financial health and strategic positioning in the luxury market.

More about Prada SpA

Prada S.p.A., listed on the Hong Kong Stock Exchange, is a prominent entity in the luxury goods sector, managing brands such as Prada, Miu Miu, Church’s, and Car Shoe. The company produces and distributes leather goods, footwear, and ready-to-wear clothing, and operates in the food, sailing, eyewear, and beauty industries. With 26 industrial facilities and products sold in 70 countries, Prada maintains a significant global presence.

YTD Price Performance: 5.30%

Average Trading Volume: 3,282

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $21.78B

For a thorough assessment of 1913 stock, go to TipRanks’ Stock Analysis page.

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