Hong Kong · Delayed Price · Currency is HKD Prada Earnings Call Transcripts
Fiscal Year 2025
-
Net revenues rose 9% to EUR 5.7 billion, with strong retail and Miu Miu growth, and Versace integrated for one month. EBIT margin held steady despite FX headwinds and investments. 2026 outlook targets solid organic growth, with Versace expected to stabilize and improve from 2027.
-
Net revenues rose 9% year-over-year to €4.1 billion, led by strong retail and Miu Miu growth. Asia Pacific and Americas delivered double-digit gains, while FX headwinds and a plateauing China market present ongoing risks. Q4 performance is expected to be pivotal.
-
Reported 9% revenue growth and 8% EBIT increase in H1 2025, with strong Miu Miu performance and stable margins. Retail outperformed wholesale, while investments in brand, digital, and sustainability continued. Outlook remains prudent but positive amid industry reset.
-
Group revenues rose 13% at constant FX in Q1, with Miu Miu retail sales up 60% and Prada stable against tough comps. Growth was broad-based across regions, but the market remains volatile, especially in China and the U.S. Management expects easier comparisons in H2.
-
The group will acquire Versace for EUR 1.25 billion, aiming to leverage its global brand and distinct aesthetic to complement the existing portfolio. Integration will focus on gradual evolution, with synergies expected from know-how rather than cost savings, and completion targeted for H2 2025.
Fiscal Year 2024
-
Revenue grew 17% to €5.4B and EBIT margin expanded to 23.6% in 2024, with strong retail and brand performance, especially from Miu Miu. Management remains confident in sustainable growth for 2025, prioritizing investment in brands and retail expansion.
-
Nine-month revenues rose 18% year-over-year to €3.8 billion, with Prada up 4% and Miu Miu up 97%. Growth was broad-based across regions, with Miu Miu's retail share rising to 25%. Management expects continued above-market growth and margin improvement.
-
Solid H1 2024 results with 17% revenue growth at constant FX, 22.6% EBIT margin, and strong performances from both Prada and Miu Miu. Investments in digital, retail, and brand positioning continue, while management remains vigilant amid tougher macro conditions and FX headwinds.