HIGHLIGHTS
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Prada Group FY 2024 Results (audio replay)
The audio replay for
Prada Group FY 2024 Results
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PRADA GROUP: SOUND RESULTS AND SOLID PROGRESS IN THE EVOLUTIONARY JOURNEY OF THE GROUP
FY 2024 KEY HIGHLIGHTS
NET REVENUES OF
€ 5.4 bln
RETAIL SALES PRADA
+4% YoY
EBIT MARGIN OF
23.6% € 1.3 bln
RETAIL SALES OF
€ 4.8 bln
RETAIL SALES MIU MIU
+93% YoY
NET CASH POSITION
€ 600 mln
NET REVENUES OF
€ 5.4 bln
RETAIL SALES OF
€ 4.8 bln
RETAIL SALES PRADA
+4% YoY
RETAIL SALES MIU MIU
+93% YoY
EBIT MARGIN OF
23.6% € 1.3 bln
NET CASH POSITION
€ 600 mln
KEY FIGURES
|
FY-23 - € mln |
FY-24 - € mln |
change at reported fx |
change at constant fx |
Net Revenues |
4,726 |
5,432 |
+15% |
+17% |
Retail Sales |
4,190 |
4,849 |
+16% |
+18% |
Wholesale Sales |
433 |
461 |
+6% |
+7% |
Royalties |
104 |
122 |
+17% |
+17% |
| Gross Margin | 3,802 | 4,337 | +14% | |
| Margin | 80.4% | 79.8% | ||
| EBIT | 1,062 | 1,280 | +21% | |
| Margin | 22.5% | 23.6% | ||
| Gross Net Income | 671 | 839 | +25% | |
| Margin | 14.2% | 15.4% | ||
| Cash Flow from Operations | 1,265 | 1,560 | ||
| Capital Expenditure | 753 | 493 | ||
| Net Operating Working Capital | 735 | 808 | ||
| Net Financial Position | 197 | 600 | ||
|
|
|
|
|
We are pleased to see that our strategy continued to deliver above-market performance, notwithstanding the challenging environment. This success underscores the enduring relevance of our brands, which comes from an unwavering focus on product innovation, quality, craftmanship and a unique ability to read contemporaneity.
Prada Group Chairman and Executive Director
Over the year, Prada confirmed its solid growth trajectory and Miu Miu reached a whole new level of visibility and scale, driven by a well-diversified total look offering. For the year ahead, we retain our ambition to deliver solid, sustainable, and above-market growth.
Prada Group Chief Executive Officer
FY 2024 SALES € mln; % at constant fx
Retail Sales By Brand
€ mln |
FY 23 |
FY 24 |
FY 24 |
Q4 24 |
PRADA |
3,488 |
3,563 |
+4% |
+4% |
MIU MIU |
649 |
1,228 |
+93% |
+84% |
CHURCH'S |
29 |
32 |
+10% |
+7% |
OTHER (*) |
24 |
26 |
+9% |
+8% |
|
|
|
|
|
Total |
4,190 |
4,849 |
+18% |
+18% |
(*) includes Marchesi and Car Shoe
Retail Sales By Geography
€ mln |
FY 23 |
FY 24 |
FY 24 |
Q4 24 |
ASIA PACIFIC |
1,446 |
1,604 |
+13% | +16% |
EUROPE |
1,312 |
1,532 |
+18% | +16% |
AMERICAS |
767 |
830 |
+9% | +11% |
JAPAN |
484 |
656 |
+46% | +31% |
MIDDLE EAST |
180 |
227 |
+26% | +30% |
Total |
4,190 |
4,849 |
+18% |
+18% |
PROFIT & LOSS FY 2024
€ mln |
FY 2023 |
FY 2024 |
||
Net revenues |
4,726 |
100% |
5,432 |
100% |
COGS |
-925 |
-19.6% |
-1,095 |
-20.2% |
Gross profit |
3,802 |
80.4% |
4,337 |
79.8% |
Selling |
-1,873 |
-39.6% |
-2,083 |
-38.3% |
Advertising and communication |
-420 |
-8.9% |
-473 |
-8.7% |
Product design and development |
-151 |
-3.2% |
-158 |
-2.9% |
G&A |
-297 |
-6.3% |
-343 |
-6.3% |
Operating expenses |
-2,740 |
-58.0% |
-3,057 |
-56.3% |
EBIT |
1,062 | 22.5% |
1,280 |
23.6% |
Total financial expenses |
-90 |
-1.9% |
-91 |
-1.7% |
EBT |
971 |
20.6% |
1,189 |
21.9% |
Income Taxes |
-298 |
-6.3% |
-345 |
-6.4% |
Minority Income |
2 |
0.1% |
4 |
0.1% |
Group Net Income / (Loss) |
671 |
14.2% |
839 |
15.4% |
share price and shareholding structure
08 aug 2017 - 4:08 am
27,15 HKD
+1,88%
FINANCIAL CALENDAR
APRIL 30, 2025
Annual General Meeting
APRIL 30, 2025
2025 Q1 Revenue
JULY 30, 2025
2025 Half-Year Results
OCTOBER 23, 2025
2025 9M Revenue
Contacts
GROUP INVESTOR RELATIONS
investorrelations@pradagroup.com
FINANCIAL MEDIA RELATIONS
Marta Monaco
marta.monaco@prada.com
Via Orobia 3, 20139 Milan, Italy
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