Summary of Prada S.p.A. Q1 2024 Revenue Update Conference Call Company Overview - **Company**: Prada S.p.A. (OTCPK:PRDSY) - **Date of Call**: April 24, 2024 - **Participants**: CEO Andrea Guerra, CFO Andrea Bonini, and various analysts from major financial institutions Key Points Industry and Market Trends - 2024 is expected to show different market trends compared to previous years, emphasizing brand positioning and desirability [4] - The luxury goods market is experiencing a shift, with a focus on creativity and cultural influence [4] Financial Performance - **Total Group Retail Growth**: 18% in Q1 2024, driven by like-for-like sales [4] - **Net Revenues**: €1.187 billion, up 16% at constant FX compared to Q1 2023 [7] - **Retail Sales Growth**: - Prada brand: +7% [8] - Miu Miu brand: +89% [5][8] - **Geographical Performance**: - Asia-Pacific: +16% [9] - Europe: +18% [9] - Americas: +5% [9] - Japan: +46% [9] - Middle East: +15% [9] Brand Performance - **Prada**: Maintained strong desirability and cultural relevance, with growth across all product categories and geographies [4][8] - **Miu Miu**: Significant growth trajectory, regaining its position in the industry, with a balanced product category mix [5][8] Consumer Trends - Chinese consumers showed low double-digit growth in Q1, with a notable increase in spending abroad [16][37] - European consumers exhibited mid-single-digit growth, while North American consumers remained flat [16][37] Future Outlook - The company is optimistic about continued growth, with a focus on retail execution and consumer engagement [10] - Plans for modest store expansions in 2025: 10-15 new stores for Miu Miu and 5-10 for Prada [27] Investment and Infrastructure - Continued investment in brand desirability, marketing, and digital infrastructure is prioritized [28][29] - Focus on verticalization of brand organizations and improving operational efficiencies [28][29] E-commerce and Retail Metrics - E-commerce contribution is around 10% of total sales, returning to pre-COVID growth trajectories [64] - Miu Miu's retail metrics show improvements in store traffic, conversion rates, and customer retention [64] Challenges and Considerations - The company acknowledges the need for careful management of growth to avoid the pitfalls of being overly fashion-driven [48] - The dual listing remains on the agenda but is not a current priority due to other strategic focuses [54] Additional Insights - The performance of leather goods has been strong, with a noted increase in the share of iconic products [46][50] - The company is actively monitoring consumer behavior and adjusting strategies accordingly, particularly in response to tourism trends [33][34] This summary encapsulates the key insights and financial performance metrics discussed during the Prada S.p.A. Q1 2024 revenue update conference call, highlighting the company's strategic direction and market positioning.

Prada S.p.A. (OTCPK:PRDSY) Sales Call April 24, 2024 8:00 AM ET Company Participants Andrea Guerra - Chief Executive Officer and Executive Director Andrea Bonini - Chief Financial Officer Conference Call Participants Chris Huang - UBS Edouard Aubin - Morgan Stanley Chiara Battistini - JPMorgan Melania Grippo - BNP Paribas Erwan Rambourg - HSBC Louise Singlehurst - Goldman Sachs Thomas Chauvet - Citi Charles Louis Scotti - Kepler Cheuvreux Liwei Hou - CICC Chris Gao - CLSA Operator Good day, and thank you fo ...

Prada S.p.A. (OTCPK:PRDSY) Q4 2023 Earnings Conference Call March 7, 2024 8:00 AM ET Andrea Bonini - Chief Financial Officer Lorenzo Bertelli - Marketing Director & Head of CSR Conference Call Participants Luca Solca - Bernstein Louise Singlehurst - Goldman Sachs Thierry Cota - Societé Generale Good day, and thank you for standing by. Welcome to the Prada Group Full Year 2023 Results Presentation. At this time, all participants are in listen-only mode. After the speakerÂ's presentation, there will be a ques ...

March 7th 1 2024 FY-23 Results Presentation Milan, March 7th 2024 The information contained in this document is for information purposes only and does not constitute an offer, solicitation, invitation or recommendation to subscribe for or purchase any securities, or other products or to provide any investment advice or service of any kind. This document is not directed at, and is not intended for distribution to or use by, any person or entity in any jurisdiction or country where such distribution or use wo ...

Prada, the designer fashion brand, saw its profits soar 44% higher in 2023, highlighting the luxury sector’s strong performance last year. Profits at the Italian group jumped to €671 million in the 2023 financial year, driven in part by the “exceptional momentum” of its Miu Miu brand. Sales at the bag and shoe brand rose 58% year-on-year, Prada revealed. Patrizio Bertelli, Prada chairman, said: “We are pleased with the strong results achieved in 2023, underpinned by our brands’ desirability. “The Group deli ...

Although Fifth Avenue in Midtown reigns as the world’s priciest-to-rent shopping corridor with sidewalk-level stores charging $2,000 per square foot, according to Cushman & Wakefield, there soon might not be anywhere left to rent.That’s because retailers are rapidly buying the buildings that are home to their glamorous stores. It happened again this week with news that Prada is grabbing a second building on the “world’s greatest shopping street” — 720 Fifth Ave. at East 56th Street, next door to 724 Fifth, ...

Prada S.p.A. (OTCPK:PRDSY) Q3 2023 Earnings Conference Call October 31, 2023 6:30 PM ET Company Participants Andrea Bonini - CFO Andrea Guerra - Group CEO Conference Call Participants Susy Tibaldi - UBS Erwan Rambourg - HSBC Edouard Aubin - Morgan Stanley Thomas Chauvet - Citi Research Luca Solca - Bernstein Melania Grippo - BNP Paribas Louise Singlehurst - Goldman Sachs Thierry Cota - Societe Generale Liwei Hou - CICC Chris Gao - CLSA Andrea Bonini Good afternoon, everyone, and thank you for joining the Pr ...

PRADA Group 1 July 27th 2023 H1-23 Results Presentation Milan, July 27th 2023 Disclaimer The information contained in this document is for information purposes only and does not constitute an offer, solicitation, invitation or recommendation to subscribe for or purchase any securities, or other products or to provide any investment advice or service of any kind. This document is not directed at, and is not intended for distribution to or use by, any person or entity in any jurisdiction or country where such ...

Prada S.p.A. (OTCPK:PRDSY) Q2 2023 Earnings Conference Call July 27, 2023 8:15 AM ET Company Participants Andrea Bonini - CFO Patrizio Bertelli - Chairman of the Board and Executive Director Andrea Guerra - Group CEO Lorenzo Bertelli - Marketing Director and Head of CSR. Conference Call Participants Susy Tibaldi - UBS Thomas Chauvet - Citi Research Edouard Aubin - Morgan Stanley Aurelie Husson-Dumoutier - HSBC Luca Solca - Bernstein Antoine Belge - BNP Paribas Louise Singlehurst - Goldman Sachs Liwei Hou - ...

Prada S.p.A. (OTCPK:PRDSY) Q4 2022 Earnings Conference Call March 9, 2023 8:00 AM ET Company Participants Andrea Bonini - Chief Financial Officer Patrizio Bertelli - CEO & Founder Lorenzo Bertelli - Marketing Director and Head of CSR Andrea Guerra - CEO Conference Call Participants Susy Tibaldi - UBS Thomas Chauvet - Citi Edouard Aubin - Morgan Stanley Melania Grippo - BNP Paribas Exane Paola Carboni - Equita SIM Chris Gao - CLSA Liwei Hou - CICC Operator Good day and thank you for standing by. Welcome to t ...