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Delayed
Other stock markets
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5-day change | 1st Jan Change | ||
| 64.6 HKD | +0.31% |
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-0.31% | +43.56% |
| Apr. 25 | Hermes Posts Sales Growth Across All Markets -- 2nd Update | DJ |
| Apr. 25 | Jefferies Adjusts Prada’s Price Target to HK$64 From HK$58, Keeps at Hold | MT |
MILAN (Reuters) - Italy's Prada said on Thursday it expects revenue growth to beat that of its rivals this year, after sales exceeded analyst expectations in 2022 thanks to a strong performance in Europe.
Last year net revenues rose 21% at constant exchange rates to 4.2 billion euros ($4.44 billion), while analysts expected an increase to 4.04 billion euros according to Refinitiv data.
The luxury group's adjusted operating profit margin stood at 20.1% of its sales last year, achieving its medium term target of 20% of total sales the group gave in November 2021.
($1 = 0.9465 euros)
(Reporting by Elisa Anzolin and Claudia Cristoferi; Editing by Keith Weir)
| 1st Jan change | Capi. | |
|---|---|---|
| +43.56% | 21.39B | |
| +9.03% | 7.17B | |
| -30.00% | 56.57M |
PRADA S.P.A. 
