Core Insights - Prada Group recorded consolidated net revenues of €4.07 billion ($4.72 billion) for the nine months ending 30 September 2025, reflecting a 9% year-on-year rise at constant currency, marking the company's 19th consecutive quarter of growth [1][2][6] Financial Performance - Retail sales increased 9% year-on-year to €3.65 billion, supported by like-for-like and full-price sales [1] - Third-quarter retail sales rose 8%, consistent with the second quarter [1] - Miu Miu saw a 41% increase in retail sales for the nine-month period and a 29% rise in the third quarter, following a 105% surge in Q3 2024 [3] - Prada brand retail sales declined 1.6% over the nine months and 0.8% in the third quarter [3] Regional Performance - Asia Pacific logged 10% growth, driven by improving conditions in mainland China [4] - Europe rose 6%, supported by both domestic and tourist spending [4] - The Americas grew 15%, showing sequential acceleration in the third quarter [4] - Japan recorded a 3% increase, with stronger local demand and higher tourist inflows [4] - The Middle East advanced 21%, although growth moderated in the third quarter due to high comparatives [4] Strategic Focus - The company continues to emphasize creativity, product excellence, and craftsmanship as foundations for enduring relevance and long-term development [3][6] - Prada is focusing on its creative output through campaigns including Prada Galleria, Couleur Vivante, and Fall/Winter 25 [5] - Miu Miu broadened its presence in the beauty segment with the launch of Miutine, its debut fragrance developed in collaboration with L'Oréal [5] Management Commentary - The chairman and executive director highlighted the consistency of results in a complex macroeconomic environment, confirming the strength of the brands and the validity of the strategy [2] - The CEO noted that the performance confirms the health of the brands and diligent execution by the teams, with Prada accelerating versus the previous quarter [6] - The company remains confident in its trajectory, focusing on products and experiences that spark emotional engagement while improving speed and flexibility [7]