Stellar increase for Prada's net profits, which closes the first half with a gain of 74,2% compared to the same period of 2010. The Italian luxury maison, which has been listed on the Hong Kong Stock Exchange, also communicates that consolidated revenues rose by 21,1%, to 1,13 billion. Ebitda instead stood at 315 million (+39,9%).
Strong increase especially for the retail channel (74,8% of consolidated sales), while the wholesale channel remained in line with the first half of last year. The group's best performance was recorded in the Asia-Pacific area, with sales of 368 million (+35,4%).
The strategy “remains focused on expanding its retail network – reads a note from the company -, through a plan that envisages an average of 80 new openings a year for the next three years and which will lead the group to be present with approximately 550 directly managed points of sale at the end of 2013”.
