Prada: 2023 revenues at 4.7 billion (+17%)

Article published at: Mar 12, 2024 Article author: abfashion srls Article tag: Italy
Prada: ricavi 2023 a 4,7 miliardi (+17%)
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Prada: 2023 revenues at 4.7 billion (+17%)

The Prada brand is increasingly desired, as is Miu Miu , and the Italian group listed on the Hong Kong Stock Exchange thus sees revenues grow in 2023 to 4.7 billion (+17% at constant exchange rates, +13% at current exchange rates ) and net profit jumped 44% to 671 million. It can thus increase the dividend to 0.137 euros from 0.11 euros the previous year.
On retail sales, which reached 4.2 billion (+17% and +12%), those of the Prada brand increased by 12% with solid growth in the fourth quarter (+10%).
Miu Miu has made a real rally (+58% in the year, +82% in the last three months).

Asia Pacific recorded growth in retail sales at constant rates of 24% to 1,446 million using 2022 as a comparison, which had been affected by the restrictions in China. Europe recorded a +14% to 1,312 million thanks to demand from domestic and tourist customers, the Americas closed the year with unchanged sales at 767 million, reporting an improvement in the fourth quarter. But the real champion is Japan, +44% to 484 million.
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