Prada Spa ADR ( (PRDSY) ) has released its Q4 earnings. Here is a breakdown of the information Prada Spa ADR presented to its investors.
Prada S.p.A., a prominent player in the luxury goods sector, is renowned for its Prada, Miu Miu, Church’s, and Car Shoe brands, offering leather goods, footwear, and ready-to-wear fashion. The company also ventures into the food, sailing, eyewear, and beauty industries through various brands and licensing agreements.
Prada S.p.A. has reported a robust financial performance for the year ending December 31, 2024, with net revenues reaching €5.43 billion, marking a 17% increase compared to the previous year. The company’s retail net sales saw an 18% rise, with notable growth in the Miu Miu brand, which surged by 93.2%.
Key financial highlights include an EBIT of €1.28 billion, representing 23.6% of net revenues, and a group net income of €838.9 million, up 25% from 2023. The company maintained a positive net financial position of €599.6 million and proposed a dividend distribution of €0.164 per share. Geographically, Japan led with a 45.8% sales increase, followed by the Middle East, Europe, and Asia Pacific, all demonstrating double-digit growth.
Prada’s strategic focus on brand desirability and disciplined execution has driven its positive trajectory in revenue and margins. The company has also made significant progress in digital transformation and sustainability initiatives, including reducing GHG emissions and promoting inclusion and equality within its workforce.
Looking ahead, Prada’s management remains optimistic about sustaining its growth momentum, leveraging its strong brand identity and strategic investments to navigate the evolving luxury market landscape.