Prada SpA : Robust growth in prospect for H1, no longer really a surprise
>Q1 organic growth of +23% in retail with a marked acceleration for Miu Miu - Prada has published, for the first time, sales for Q1 2023. Sales were € 1,064.8m, i.e. a y-o-y increase of 21.6% and 22.2% cc with retail sales of € 952.7m, up 23.2% cc of which 21.1% for the Prada brand and 41.9% for Miu Miu. For H2 2022, total sales growth c.21% and retail sales c.22% (with Prada at +22% and Miu Miu +27%) and this 22% breaking down as +32% in Q3 and +14% in Q4. Growt...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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