PRADA(HK:01913)2023-10-31 12:16Financial Performance - Prada Group reported a net revenue of €3,343.6 million for the nine months ended September 30, 2023, representing a 16.8% increase at constant exchange rates compared to the same period in 2022[4]. - Retail sales net revenue increased by 17.1% at constant exchange rates, with a strong performance in the third quarter showing a year-on-year growth of 10.4%[4]. - The wholesale channel sales grew by 5.6% compared to the same period last year, aligning with the company's strategic goals[4]. - Licensing revenue surged by 66.8%, driven by contributions from eyewear and fragrance[4]. Regional Performance - All regions except the Americas recorded double-digit growth, with Japan leading at +46.7%, Asia-Pacific at +21.2%, Europe at +16.8%, and the Middle East at +11.6%[4]. - The Americas region remained stable with a slight decline of -1% in retail sales net revenue for the nine-month period[5]. - Japan's retail sales net revenue increased by 46.7%, benefiting from strong domestic spending and a gradual recovery in tourist traffic[5]. Product Category Performance - The Prada brand's retail sales net revenue increased by 13.1%, while Miu Miu saw a significant increase of 49.5%[4]. - Leather goods recorded a growth of 7.7%, while ready-to-wear saw the fastest growth at +32.0%[3]. - Retail sales net amount for leather goods increased by +7.7% over nine months, with Q3 growth at +0.8%[6]. - Ready-to-wear category showed the fastest growth at +32.0% for the nine-month period, with Q3 growth at +24.9%[6]. - Footwear performance was robust, growing by +16.4% compared to 2022, with Q3 growth at +9.5%[6]. Store Operations - The company operated 602 stores as of September 30, 2023, after opening 20 new stores and closing 30 during the period[4].