Revenue Performance - Prada Group reported a net revenue of €4,070 million for the nine months ended September 30, 2025, representing a 9% increase at constant exchange rates compared to the previous year[2]. - Overall, Prada Group's net revenue growth was impacted by currency fluctuations, which reduced growth by 2.6%, resulting in a reported growth of 6.3%[5]. Retail Sales - Retail sales net revenue increased by 9% at constant exchange rates, with all regions showing growth: Middle East +21%, Americas +15%, Asia-Pacific +10%, Europe +6%, and Japan +3%[2][5]. - The retail sales net revenue accounted for 89.6% of total net revenue, highlighting the importance of direct-to-consumer channels[5]. - The Asia-Pacific region achieved double-digit growth in retail sales net revenue (+10.4%), with improved trends in mainland China[8]. - The Americas saw a significant increase in retail sales net revenue of 14.8%, reflecting strong performance in the tourism sector[9]. - The Middle East recorded robust retail sales net revenue growth of 21.1%, despite a high comparative base[10]. Brand Performance - Miu Miu's retail sales net revenue surged by 41% year-over-year, while Prada's retail sales net revenue decreased by 1.6%[4][6]. Wholesale and Licensing - Wholesale sales net revenue increased by 4.4%, driven primarily by the duty-free channel, aligning with the group's selective strategy for independent wholesalers[5]. - Licensing revenue increased by 11.4%, driven by contributions from eyewear and cosmetics[5].

Core Viewpoint - Prada's stock has increased by over 5%, currently trading at 44.6 HKD with a transaction volume of 29.27 million HKD, indicating positive market sentiment ahead of its upcoming earnings announcement [1] Company Summary - Prada will hold a board meeting on October 23, 2025, to approve the release of its unaudited quarterly earnings report for the nine months ending September 30, 2025 [1] Industry Summary - On October 14, LVMH, a major player in the luxury goods sector, reported a 1% organic revenue growth in Q3 2025, reaching 18.28 billion EUR, marking an end to two consecutive quarters of decline and significantly surpassing analysts' expectations of zero growth [1]

Core Viewpoint - Prada's stock has increased by over 5%, currently trading at 44.6 HKD, with a trading volume of 29.27 million HKD, ahead of its upcoming board meeting to approve the quarterly earnings announcement for the nine months ending September 30, 2025 [1] Group 1: Company Updates - Prada will hold a board meeting on October 23, 2025, to approve the release of its unaudited quarterly earnings announcement [1] - The stock price of Prada has risen by 5.18% as of the latest update [1] Group 2: Industry Context - LVMH reported a 1% organic revenue growth in Q3 2025, reaching 18.28 billion EUR, ending two consecutive quarters of decline and exceeding analysts' expectations of zero growth [1]

PRADA S.p.A. (「本公司」)宣佈，本公司將於二零二五年十月二十三日(星期四)舉行董事會 會議，藉以(其中包括)批准刊發本公司及其附屬公司截至二零二五年九月三十日止九個月之 未經審核季度收益公告。 承本公司命 PRADA S.p.A. 執行副主席 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發 表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承 擔任何責任。 註冊辦事處位於Via A. Fogazzaro n. 28, Milan, Italy 意大利米蘭蒙扎布里亞納洛迪公司註冊處：編號10115350158 （根據意大利法律註冊成立的股份有限公司） （股份代號：1913） 董事會會議召開日期 Paolo Zannoni先生 意大利米蘭，二零二五年十月九日 於 本 公 告 日 期 ， 本 公 司 執 行 董 事 為 Patrizio BERTELLI 先 生 、 Paolo ZANNONI 先 生 、 Miuccia PRADA BIANCHI 女士 、 Andrea GUERRA 先生 、 Andrea ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 II. 已發行股份及/或庫存股份變動 | 截至月份: | 2025年9月30日 | | | | 狀態: 新提交 | | --- | --- | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | | | 公司名稱: | PRADA S.p.A. | | | | | | 呈交日期: | 2025年10月2日 | | | | | | I. 法定/註冊股本變動 | | | | | | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 (註1) | 是 | | 證券代號 (如上市) | 01913 | 說明 | | | | | | 法定/註冊股份數目 | 面值 | | | 法定/註冊股本 | | --- | --- | --- | --- | --- | --- | | 上月底結存 | | 2,558,824,000 EUR | 0.1 | EUR | 255,882,400 | | 增加 / 減少 (-) | | 0 | | EUR | | | 本月底結存 ...

Group 1 - The European Commission has approved Prada's acquisition of fashion group Versace, stating that the transaction does not pose any competition issues [1] - Earlier this year, Prada reached a deal valued at $1.38 billion to acquire the smaller competitor Versace from Capri Holdings [1]

Core Viewpoint - UBS reports that despite a downturn in the industry, Prada's profitability remains solid, but its stock price has been under pressure this year due to weak investor sentiment. UBS believes the market has underestimated Prada's growth potential starting in 2026 and maintains a "Buy" rating [1] Valuation Summary - UBS values Prada based on the luxury goods industry's current price-to-earnings ratio of approximately 23 times the 12-month forward earnings, arriving at a fair value of HKD 83. Discounted cash flow valuation yields a fair value of HKD 65. The average of these two valuations sets a target price for Prada at HKD 74, down from a previous target of HKD 77 [1] Sales Forecast Summary - Prada is expected to report third-quarter sales on October 23, predicting group sales of EUR 1.3 billion, representing a 6% growth at constant exchange rates. By channel, direct store sales are anticipated to be EUR 1.182 billion, growing 7% at constant exchange rates, while wholesale sales are expected to reach EUR 86 million, growing 2% [1] Brand and Regional Performance - By brand, Prada is forecasted to decline by 2%, while Miu Miu is expected to grow by 28%. Regionally, the Americas are projected to lead growth at 14%, followed by the Middle East at 12%, Asia-Pacific at 6%, Europe at 5%, and Japan at a decline of 3% [1]

二零二五年 報告 中期 財務 中期財務報告二零二五年 1 財務回顧 中期簡明綜合財務報表 2 3 4 5 Prada集團 企業管治 中期簡明綜合財務報表 附註 3 第1章 Prada集團 普拉達股份有限公司－公司資料 香港聯交所股份代號 1913 中期財務報告 二零二五年 註冊辦事處 Via A. Fogazzaro, 28 - 20135 Milan, Italy 總辦事處 Via A. Fogazzaro, 28 - 20135 Milan, Italy 根據香港公司條例第16部 中國香港特別行政區鰂魚涌 在香港註冊的營業地點 英皇道979號太古坊一座8樓 公司網站 www.pradagroup.com 股本 255,882,400歐元 （即2,558,824,000股每股0.10歐元的股份） 董事會 Patrizio Bertelli （董事會主席兼執行董事） Paolo Zannoni （董事會執行副主席兼執行董事） Andrea Guerra （行政總裁兼執行董事） Miuccia Prada Bianchi Andrea Bonini （財務總監兼執行董事） Lorenzo Bertelli （執 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年8月31日 | | | | 狀態: | 新提交 | | --- | --- | --- | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | | | | 公司名稱: | PRADA S.p.A. | | | | | | | 呈交日期: | 2025年9月3日 | | | | | | | I. 法定/註冊股本變動 | | | | | | | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 (註1) | 是 | | | 證券代號 (如上市) | 01913 | 說明 | | | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | 法定/註冊股份數目 | 面值 | | 法定/註冊股本 | | | --- | --- | --- | --- | --- | --- | | 上月底結存 | 2,558,824,000 | EUR | 0.1 | EUR | 255,882,400 | | 增 ...

Core Viewpoint - Citigroup's research report indicates that Prada's revenue growth has slowed to single digits (6%) in the latest quarter, with the Prada brand experiencing negative growth for the first time since 2020, while Miu Miu shows better-than-peer performance despite gradual normalization [1] Group 1: Financial Performance - Prada's revenue growth has decreased to 6%, marking a significant slowdown [1] - The Prada brand has recorded negative growth for the first time since 2020 [1] - Miu Miu's performance is improving but still outpaces its competitors [1] Group 2: Investment Needs - The company requires substantial investments in advertising, promotions, production, IT infrastructure, and the expansion of Miu Miu's retail network, which may limit further profit margin expansion [1] Group 3: Financial Forecast Adjustments - Sales, EBIT, and earnings per share forecasts for 2025 have been reduced by 2%, 2%, and 4% respectively, and for 2026 by 3%, 5%, and 6% respectively [1] - The target price has been lowered from HKD 52.3 to HKD 45.5, maintaining a "neutral" rating [1]