Italian luxurious vogue home Prada Group has recorded a internet income of €1,341 million (~$1.43 billion) within the first quarter (Q1) of 2025, ended March 31, marking a rise of 13 per cent year-over-year (YoY). This progress displays a resilient efficiency from Prada, sustaining stability regardless of a excessive base in the identical quarter final yr. Miu Miu continued its robust progress trajectory with a exceptional 60 per cent YoY improve, demonstrating sturdy momentum throughout classes and areas.
Model-wise, Prada maintained robust model attraction via a balanced product combine and standout ready-to-wear and leather-based items. Key highlights included FW25 reveals, immersive experiences in Shanghai and Singapore, and a brand new males’s retailer on fifth Avenue, New York Metropolis. In the meantime, Miu Miu continued its momentum with robust leather-based items progress, artistic campaigns, and pop-up activations, reinforcing its daring identification and cultural relevance, Prada said in a press launch.
Prada Group has reported revenues of €1,341 million (~$1.43 billion) in Q1 FY25, up 13 per cent YoY, pushed by resilient Prada efficiency and a 60 per cent surge in Miu Miu.
Retail gross sales rose 13 per cent, with robust progress throughout Europe, Japan, and the Center East.
Key model and retailer expansions supported efficiency.
Management highlighted the necessity for deal with model power and sustainable progress.
Channel-wise, the group’s retail gross sales rose by 13 per cent YoY to €1,216 million, pushed by like-for-like, and full value gross sales. Wholesale gross sales elevated by 7 per cent to €96 million, and Royalties noticed a 15 per cent progress, reaching €29 million.
Geographically, Asia Pacific recorded a strong 10 per cent YoY progress, regardless of a difficult comparability base and largely unchanged market situations within the area. Europe with 14 per cent YoY progress, supported by each home and vacationer spending additionally confirmed enchancment.
Americas income grew 10 per cent YoY, regardless of elevated volatility throughout the interval, supported by native demand. In the meantime, Japan continued to carry out very positively, up 18 per cent YoY, although exhibiting indicators of gradual moderation, which is more likely to persist. Center East ended the quarter as finest performing area, with retail gross sales up 26 per cent YoY.
“We are pleased with another quarter of solid performance. In an increasingly turbulent and uncertain landscape, we continued to execute with confidence and discipline, leveraging creativity and the strength of our organisation,” stated Patrizio Bertelli, chairman and government director of Prada Group. “The current environment requires us to be agile and flexible; at the same time, we believe it is essential to continue to invest with a long-term mindset, preserving and developing craftmanship and know-how, supporting our partners and strengthening our infrastructure.”
“The group had a positive start to the year. Prada showed strong resilience, against the most challenging quarterly comparison of 2024, the comps will ease slightly in the second half of the year, but we expect the backdrop to remain complex,” stated Andrea Guerra, group chief government officer (CEO). “Notwithstanding the headwinds, Miu Miu confirmed a remarkable growth trajectory. Looking ahead, our strategy remains centred on our brands, their relevance, creativity and marked sensibility in reading the spirit of the time. Sharp execution will be key in this environment and to continue to deliver on our ambition of solid, sustainable and above-market growth.”
