On March 9th the Prada S.p.A. Board of Directors reviewed and approved the Consolidated Financial Results for the Full Year ended 31 December 2022.
KEY HIGHLIGHTS
- High desirability of both Prada and Miu Miu
- Net Revenues of €4.2 bln, up 21% yoy
- Retail Sales of €3.7 bln, up 24% yoy
- Continued strength across all products categories: Leather Goods +18%, Ready To Wear +27%, and Footwear +29% yoy
- Gross Margin at 78.8% of Revenues, equal to €3.3 bln
- EBIT Adjusted Margin at 20.1% of Revenues, equal to €845 mln
- Strengthened Net Cash Position of €535 mln
- Strong progress against remaining revenue target and ESG commitments set at November 2021 Capital Markets Day
- Fundamental governance changes to further evolve Prada Group