Prada Spa ADR ( (PRDSY) ) has released its Q2 earnings. Here is a breakdown of the information Prada Spa ADR presented to its investors.
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Prada S.p.A., a prominent player in the luxury goods sector, is known for its diverse range of products including leather goods, footwear, and ready-to-wear under brands like Prada and Miu Miu, along with ventures in food, sailing, eyewear, and beauty industries. In its latest earnings report for the first half of 2025, Prada Group announced a 9% increase in net revenues at constant exchange rates, reaching €2,740 million. Retail net sales grew by 10%, with notable performances from the Miu Miu brand, which saw a 49% increase, while Prada brand sales decreased by 2%. The company reported an EBIT Adjusted of €619 million and a net income of €386 million, maintaining a strong financial position with a net financial surplus of €352 million. Key highlights include regional sales growth across all markets, with the Middle East and Americas showing the most significant increases. The Group also announced strategic acquisitions, including Versace, and continued investments in digital and industrial capabilities. Looking ahead, Prada remains committed to its strategic objectives, focusing on sustainable growth and maintaining a balance between cautiousness and long-term investments amid ongoing market challenges.