PRADA(PRDSY) - 2023 Q2 - Earnings Call Presentation

Financial Performance - The Group's net revenues reached €2.232 billion, a 20% increase at constant exchange rates compared to H1-22[8, 20] - Retail sales amounted to €2.0 billion, reflecting a 21% growth at constant exchange rates[8] - The EBIT margin improved to 22.0%, translating to €491 million[8, 20] - Net income increased by 62% to €305 million[35] Brand Performance - Prada retail sales grew by 18% at constant exchange rates, reaching €1.668 billion[26] - Miu Miu retail sales experienced a significant acceleration, growing by 50% at constant exchange rates to €285 million[26] Channel Performance - Retail channel revenue was €1.975 billion, up 21% at constant exchange rates[24] - Wholesale channel revenue increased by 9% at constant exchange rates, reaching €210 million[24] - Royalties revenue showed strong growth of 66% at constant exchange rates, reaching €47 million[24] Geographical Performance - Asia Pacific retail sales increased by 25% at constant exchange rates, reaching €716 million[29] - Europe retail sales grew by 24% at constant exchange rates, reaching €582 million[29] - Americas retail sales decreased by 1% at constant exchange rates, totaling €361 million[29] Capital Expenditure - The company accelerated its capital expenditure plan, investing €151 million[8]