Prada SpA : Decent performance in Q3 but the slowdown has begun and the performance in leather goods is increasingly raising questions
>Q3 sales in line, growth held up at just above 10% - Prada Group reported 9M sales of € 3,346.3m, i.e. close to € 1,111m in Q3, showing growth of +3.4% y-o-y and +10.3% at constant exchange rates with retail posting growth in the quarter of 10.4% y-o-y at CER (Prada brand +5.3%, Miu Miu 48.4%), wholesale down -1.2% but licensing revenues (eyewear and beauty) still showing a strong increase of +67.4%. In Q2, the group’s growth was +19% at CER with +19.3% in retail (Pr...PRADA is engaged the luxury goods sector where it operates with the Prada, Miu Miu, Church's and Car Shoe brands in the design, production and distribution of luxury handbags, leather goods, footwear, apparel and accessories. Co. also operates, under licensing agreements, in the eyewear, fragrances and mobile telephone sectors. Co.'s products are sold in 70 countries worldwide through a network that included 540 Directly Operated Stores (DOS), and a select network of luxury department stores, independent retailers and franchise stores.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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