Prada Group Q1 Sales Soar 22%, Chinese Market Registers Double-Digit Growth with “No Signs of Slowing Down”

5月 17, 2023

GMT +8, May 11th, 8 p.m. – Italian luxury group Prada released its key financial data for the first quarter of the fiscal year 2023, ending on March 31st, on the Hong Kong Stock Exchange. Despite the continued uncertainty in the macroeconomic environment, net income grew steadily by 22% to 1.065 billion euros. Retail sales also experienced year-on-year growth of 22% to reach 953 million euros, with the Asia-Pacific region benefiting from the recovery in the Chinese market, resulting in a strong rebound in retail sales for the first quarter, a 22% increase compared to the previous year …