Report
Jean Danjou

Prada SpA : Levier toujours élevé sur la marge au S1 mais la croissance semble partie pour décélérer et le groupe doit réinvestir

>La marge d’EBIT progresse de 200 pb au S2 mais la croissance organique au T2 ressort assez visiblement en dessous des attentes - Après un T1 qui avait vu l’activité progresser de 22% y/y tcc (retail : +23%), le CA S1 du groupe à 2232 M€ montre une croissance de 20.5% y/y tcc (+21.1% pour le retail), indiquant un T2 à +19% (retail +19.3%) et l’EBIT S1 à 491 M€ reflète une marge en augmentation y/y de 17.4% à 22.0% (la marge au S2 2022 était ressorti à 22.4%). Nous tab...
Underlying
Prada S.p.A.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jean Danjou

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