Prada Group (PRDSY) Tops 4B Euros in 9M Sales

Core Insights - The Prada Group achieved a revenue of 4.07 billion euros in the first nine months of the year, marking 19 consecutive quarters of growth [1] - Revenue increased by 6 percent compared to 3.83 billion euros in the same period last year, with a 9 percent rise at constant exchange rates [1] Financial Performance - Retail sales for the Prada brand declined by 1.6 percent over the nine-month period and decreased by 0.8 percent in the third quarter [2] - Miu Miu's retail sales surged by 41 percent across categories and geographic markets, with a 29 percent increase in the third quarter compared to a 105 percent gain in the previous year [3] - The retail channel's revenue rose by 6 percent to 3.64 billion euros, driven by like-for-like and full-price sales [5] - Wholesale revenues increased by 3 percent to 322 million euros, while royalties grew by 11 percent to 101 million euros [6] Regional Performance - Retail sales in the Asia-Pacific region increased by 7 percent (10 percent at constant exchange rates) to 1.21 billion euros, with improved trends in Mainland China [7] - Europe saw a 4 percent increase in sales to 1.13 billion euros, supported by domestic and tourist spending [7] - The Americas experienced an 11 percent growth in retail sales to 637 million euros, with a 15 percent increase at constant exchange rates [8] - Japan's sales rose by 2 percent to 474 million euros, benefiting from solid local demand and increased tourism [8] - The Middle East reported an 18 percent gain in sales to 182 million euros [9]