2025-10-23 12:01Revenue 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].