Prada SpA : Momentum still remarkable at end-2023 at Miu Miu, positive indication for the start of 2024
>Robust growth in Q4 at +18% organic, 2023 EBIT +3% ahead of expectations with the margin in H2 progressing by 50bp y-o-y - The group published sales for 2023 of € 4,726m, or growth of +12.5% y-o-y and +17.2% y-o-y at CER (Q4 at +18.1% at CER with +17.4% in retail and +32.1% in wholesale) and EBIT of € 1,062m, reflecting a margin of 22.5% versus 20.1% in 2022, or 22.9% in H2 after 22% in H1 (H2 2022 was at 22.4%). We looked for sales of € 4,681m (Q4 at 13.7% at CER) ...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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