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普拉达(01913) - 2021 - 年度财报
PRADAPRADA(HK:01913)2022-03-24 11:13

Financial Performance - Prada Group reported a significant increase in revenue, achieving €3.2 billion in 2021, representing a 41% growth compared to the previous year[1]. - Net sales for the year ended December 31, 2021, reached €3,316,620 thousand, a significant increase from €2,390,866 thousand in 2020, representing a growth of 38.7%[76]. - The net income attributable to the group for 2021 was €294,254 thousand, a recovery from a loss of €54,139 thousand in 2020[76]. - The operating income (EBIT) for the same period was €489,484 thousand, which is 14.5% of net sales, compared to only €20,061 thousand (0.8%) in 2020[77]. - Operating cash flow for the year was €750,723 thousand, significantly higher than €262,100 thousand in 2020, reflecting improved operational efficiency[77]. - The gross profit margin improved to 75.7% in 2021, up from 72.0% in 2020, indicating better cost management and pricing strategies[76]. - The financial surplus for 2021 was €237,653 thousand, a significant improvement from a loss of €311,357 thousand in 2020 and €405,544 thousand in 2019[78]. - The total equity attributable to the group shareholders increased to €3,113,894 thousand in 2021, up from €2,832,057 thousand in 2020[78]. - The company reported a basic earnings per share of €0.115 for 2021, recovering from a loss of €0.021 per share in 2020[77]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[76]. Market Expansion and Strategy - The company plans to expand its retail footprint, targeting a 10% increase in the number of stores globally over the next two years[1]. - Prada Group is exploring potential acquisitions to enhance its brand portfolio and market presence, with a focus on niche luxury brands[1]. - The company has expanded its retail presence in key markets such as Dubai, Paris, and Hong Kong, with 100% ownership in these locations[64]. - The company has a significant retail footprint in Asia, with operations in Vietnam, Taiwan, and South Korea, enhancing its market reach[64]. - Retail sales in the Asia-Pacific region increased by 30.1% compared to 2019 at constant exchange rates, with notable growth in mainland China, South Korea, and Taiwan[84]. - The company completed over 120 store renovations and set up 80 pop-up installations in 2021, enhancing store traffic and brand visibility[80]. Sustainability Initiatives - Prada is investing in sustainable practices, with a commitment to reduce carbon emissions by 30% by 2025[1]. - The company has established a sustainable development strategy with three pillars: people, environment, and culture, approved by the board on November 11, 2021[40]. - Prada has committed to achieving net-zero emissions by 2050, reflecting its long-term sustainability goals[47]. - The company plans to achieve a 42% reduction in Scope 3 emissions by 2029, also based on 2019 levels[47]. - Prada has installed 141 LEED certifications across various projects, enhancing its commitment to sustainable building practices[47]. - The company is transitioning nearly all virgin nylon to recycled nylon through its Re-Nylon initiative, showcasing its dedication to sustainability[49]. - Prada Group achieved a greenhouse gas reduction target of 29% by 2026 for Scope 1 and 2 emissions, based on 2019 levels[47]. Digital Transformation - Prada's e-commerce sales surged by 70%, reflecting a shift in consumer behavior towards online shopping during the pandemic[1]. - The company aims to enhance its digital marketing strategies, allocating 20% of its marketing budget to digital channels in 2022[1]. - Direct e-commerce sales grew by 61% since 2020 and more than fivefold since 2019, accounting for approximately 7% of total retail sales in 2021[84]. - The investment in digital communication channels yielded outstanding results, particularly in online brand engagement metrics[80]. - The company has joined the Aura consortium to enhance customer experience through blockchain technology, ensuring greater transparency and traceability[80]. Corporate Governance and Leadership - Paolo Zannoni was elected as Chairman of the Board on May 27, 2021, and has been an international advisor for Goldman Sachs since 2019[128]. - Miuccia Prada and Patrizio Bertelli serve as co-CEOs, with Miuccia also being the co-creative director of Prada and Miu Miu[129]. - The company emphasizes its commitment to maintaining strong investor relations and financial communication strategies[133]. - The board includes non-executive director Stefano Simontacchi, who has extensive experience in international tax and corporate law[135]. - The company has received multiple awards for its contributions to international fashion, highlighting its innovative vision[130]. Employee and Workforce Management - As of December 31, 2021, Prada Group employed 13,140 people from 107 countries, with women making up 62% of the workforce[41]. - The company emphasizes a performance-linked compensation and benefits system to ensure equality and attract skilled professionals[43]. - Prada Academy serves as a training center to share knowledge and skills, focusing on preserving classic craftsmanship and enhancing employee capabilities[42]. - The company has implemented a long-term plan for disability inclusion, hiring individuals with Down syndrome in its Italian stores[41]. Risk Management - The group faces foreign exchange risks due to its extensive international presence and has established derivative contracts to hedge these risks[112]. - Interest rate risk is managed through derivative instruments, such as interest rate swaps, to convert floating-rate debt into fixed-rate debt[113]. - Credit risk primarily involves trade receivables from wholesale channels, managed through business and financial strategies based on customer creditworthiness and insurance contracts[106]. - The company has enhanced its information system security in response to rising cyberattack risks reported by EU financial market regulators[115]. Cultural and Community Engagement - The Prada Foundation has presented 24 exhibitions in Milan, honoring significant global artists and hosting various cultural events[54]. - The company completed the restoration of the Rongzhai historical landmark in Shanghai in 2017, showcasing its commitment to cultural heritage[53]. - Prada has established a long-term partnership with UNESCO for the "Sea Beyond" project, promoting marine conservation awareness among students[51]. - The Prada Foundation launched the "Human Brains" project, aimed at increasing public interest in neuroscience through exhibitions and discussions, running until 2022[56]. Compliance and Ethical Practices - The company emphasizes compliance with international and local laws, having established an industrial compliance committee in 2010 to oversee product manufacturing and distribution[164]. - The company’s commitment to ethical practices includes ensuring suppliers adhere to high standards and respect employee rights, such as fair working conditions and environmental protection[169]. - Prada's tax strategy focuses on preventing tax risks and ensuring tax stability through ongoing dialogue with tax authorities in operating countries[109].