Prada SpA : Downward adjustment to our forecasts to reflect the ongoing deceleration of the sector
>The message from the group is neither surprising or concerning but the deceleration in growth should be visible in Q3 due to the comparison base - The comments made by the group suggest that growth remained satisfactory in Q3 in retail but can only reflect the slowdown vs the +19% reported for Q2, given the very demanding comparison base for this quarter (y-o-y cc growth in Q3 2022 was +32% in retail, i.e. +59% vs 2019 after 42% in Q2) and the slowdown that has been ...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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