Prada posted a 29% increase in net revenues to 3,297 million euro for financial year 2012, ended January 31, 2013.
At constant exchange rates, the group enjoyed sales growth of 23%.
Retail channel sales account for 82% of total sales and totalled 2,664 million euro, a 36% increase on 2011.
Wholesale sales increased by 6%. These are preliminary sales figures.
Italy contributed 19% towards the group’s sales growth, the Rest of Europe 36%, Asia Pacific 33%, Americas 23%, Japan 14%.
The growth of the business was driven mainly by the Prada and Miu Miu brands, which posted a 33% and 16% sales increase respectively.
In financial year 2012, in line with its strategy, the group continued to expand its retail network, opening 78 new stores, which takes the total number of DOS (Directly Operated Stores) to 461 at the end of January, including 283 Prada stores, 126 Miu Miu stores, 45 Church’s stores and 7 Car Shoe stores.
Patrizio Bertelli, CEO of Prada, said, “In a year characterised by a particularly difficult international economic environment, our group has made further important progress along its path of growth, consolidating its position at the head of the luxury goods sector. The strength of our brands, our ability to interpret and anticipate market trends and our global retail network continue to form the basis for our long-term growth strategy.”