Prada Group is confirmed among the best-performing luxury holding companies. The entity, in the process of acquiring Versace, ended 2024 with net revenues of 5.4 billion euro, +17% compared to 2023, mainly thanks to Miu Miu. Looking at the numbers, it really doesn’t seem to have suffered 2024 as hard as other fashion conglomerates.
Especially thanks to Miu Miu
The group’s retail sales in 2024 amounted to 4.8 billion, up 18% over 2023. With regards to brands, Prada had a revenue of 3.563 billion (up 4%), Miu Miu came in at 1.228 billion (up 93%), and Church’s 32 million (up 10%). Group net income reached 839 million, an increase of 25%. Sales growth in the fourth quarter of 2024 was also +18% compared to the same period in 2023. By brand: Prada +4%, Miu Miu +84% and Church’s +7%.
Satisfaction
The group’s chairman, Patrizio Bertelli (pictured right), emphasized that “our multi-year investments in industrial capacity and know-how, our manufacturing platform, and our people, are differentiators in an ever-changing industry environment that demands quality, agility, and efficiency. Despite the uncertain environment, we look forward to 2025 with confidence, continuing to work and invest for sustainable, long-term growth”. Andrea Guerra, CEO (pictured left), added, “We ended 2024 with very positive results for all of our brands, recording four consecutive years of double-digit growth, as well as a significant increase in margins and cash generation, all contributing to a very solid balance sheet position”. The net financial position at the end of 2024 was 600 million euros, an amount that could help finance a potential acquisition.
Photo from Prada
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