Full-year sales benefited from the improvement in market momentum in Asia and Europe which helped mitigate the sharp drop reported in H1. Revenues were down 10% (-9% at CER) to €3,184m. Prada and Miu Miu were the best-performing brands. In Asia, sales plummeted by 12% at CER, boosted by a pretty good acceleration in China. Hong Kong and Macau saw a slower pace of decline. European sales fell by 5% at CER, hit by lower tourist inflows to France and Italy. Positive growth signs were report
13 Feb 2017
Part 2 of the disaster
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Part 2 of the disaster
Prada S.p.A. (PRP:FRA) | 0 0 1.0% | Mkt Cap: 80,859m
- Published:
13 Feb 2017 -
Author:
Rim BEN SALAH -
Pages:
2
Full-year sales benefited from the improvement in market momentum in Asia and Europe which helped mitigate the sharp drop reported in H1. Revenues were down 10% (-9% at CER) to €3,184m. Prada and Miu Miu were the best-performing brands. In Asia, sales plummeted by 12% at CER, boosted by a pretty good acceleration in China. Hong Kong and Macau saw a slower pace of decline. European sales fell by 5% at CER, hit by lower tourist inflows to France and Italy. Positive growth signs were report