PRADA(01913)2024-10-30 12:34Revenue Growth - Prada Group reported a net revenue of €3,829 million for the nine months ended September 30, 2024, representing an 18% increase at constant exchange rates compared to the same period in 2023[1]. - Retail sales net revenue increased by 18.3% year-over-year, accounting for 89.4% of total net revenue, consistent with the previous year's level[4]. - Miu Miu's retail sales net revenue surged by 97.3% year-over-year, with a strong performance of 105.4% in the third quarter[5]. - Wholesale sales net revenue increased by 8.6% year-over-year, driven by the duty-free channel and independent wholesale development[4]. - Licensing revenue grew by 23.7% year-over-year, primarily due to contributions from eyewear and fragrances[4]. Regional Performance - The Asia-Pacific region recorded a retail sales net revenue growth of 12.0%, maintaining a consistent trend in the third quarter despite challenging market conditions[6]. - Japan experienced significant retail sales net revenue growth of 52.6%, supported by robust local consumption and strong tourist traffic[7]. - Retail sales net revenue in Europe increased by 18.1%, supported by local customer and tourist spending[7]. - The Middle East recorded a solid retail sales net revenue growth of 24.1%, with acceleration in the third quarter[7]. Store Operations - The company opened 21 new stores and closed 26, resulting in a total of 601 operational stores as of September 30, 2024[4].