Home New Look 2015 Italy’s Prada’s Q3 revenue rises 11% despite luxury slowdown

Italy’s Prada’s Q3 revenue rises 11% despite luxury slowdown

69

Prada Group’s Q3 net revenue rose 11 per cent YoY at reported rates, with organic growth of 1 per cent, while retail sales were stable.
Prada retail sales grew 1 per cent organically; Miu Miu retail fell 3 per cent on tough comparisons and Middle East weakness.
Nine-month revenue increased 15 per cent to €4.54 billion (~$5.10 billion), led by the Americas.
Versace added €441 million (~$495.34 million).Prada Group’s Q3 net revenue rose 11 per cent YoY at reported rates, with organic growth of 1 per cent, while retail sales were stable.
Prada retail sales grew 1 per cent organically; Miu Miu retail fell 3 per cent on tough comparisons and Middle East weakness.
Nine-month revenue increased 15 per cent to €4.54 billion (~$5.10 billion), led by the Americas.
Versace added €441 million (~$495.34 million).