Prada SpA : The Miu Miu moment
>Organic growth still very robust in Q1 at +16.5%, upside undermined by a forex impact of 5 pt - The group’s Q1 2024 revenues reached € 1,187.2m, i.e. +11.5% y-o-y and +16.5% y-o-y at cc (Q4 2023: +18.1% cc), with retail sales at € 1,071.4m, i.e. 17.9% y-o-y at cc (Q4 2023: +17.4%). The Visible Alpha consensus had pointed to revenues in the region of € 1,164m, with organic growth at 13.6% (and retail sales of around € 1,047m, +13.7%), while our revenue forecast was ...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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