Prada SpA : H1 performance likely still flattering, but it will be difficult to escape a normalization
>No change in message – growth continues – but a rather measured tone on activity in Asia in Q2 and the operating leverage to be expected in H1 - The company has not seen any marked change in trend since the comments made at the Q1 sales release at end-April when it indicated that Q2 had begun at a similar pace to Q1 (Q1 sales growth at CER of 16.5% and 17.9% in retail). It nonetheless emphasised that the base of comparison is more challenging in Asia Pacific and nota...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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