Prada outpaces predictions
04/08/2022
First-half results for fashion group Prada have surpassed analysts’ forecasts with revenue of €1.9 billion. This result was 22% up year on year.
Geographically, overall sales declined in Asia-Pacific by 7%, but this was more than offset by a spectacular increase in Europe of 89%. Sales of the Prada brand climbed 28%, Miu Miu was up 14%, and Church’s up 29%. Pre-tax profit was €305 million.