Purpose and Values
Milan, 11st May 2023 - The Prada S.p.A. Board of Directors today reviewed and approved the consolidated revenue performance for the first quarter ended March 31, 2023.
Key highlights (growth percentage at constant currency)
Patrizio Bertelli, Prada Group Chairman and Executive Director, commented: “We closed a first quarter of solid growth, across all product categories and geographies, and we continued to consolidate our brands’ desirability. The global context we operate in continues to be complex and ever-changing, but our strategic priorities are clear, our organisation stronger, and the Group remains reactive. We look at the future with confidence, determined to continue our path of stable and sustainable growth.”
Andrea Guerra, Group Chief Executive Officer, added: “Prada Group has had a positive start to the year. Over the course of the first quarter, China returned to be an engine of growth, driving a solid sales rebound in Asia Pacific. Our priority for the year remains increasing store productivity, focusing on retail execution. Meanwhile, we will continue to invest behind our brands, our stores, and our infrastructure for the growth of tomorrow. The ever-evolving macro and market backdrop requires us to be vigilant, but we see benefits in accelerating these investments, if conditions remain supportive.”