Prada’s profits and sales soar in 2022

Prada’s profits and sales soar in 2022


The brand ended the year with double-digit growth

The Italian brand Prada closed 2022 with revenues of 4.2 billion euros, up 25% at current exchange rates compared to the previous year.

Of this total, retail was responsible for revenues of €3.7 billion, up 28% on 2021. Net income closed last year at €535 million, more than double the year-on-year previous.

Prada’s board will propose a dividend of €0.11 per share at its shareholders’ meeting on April 27 – the brand is listed on the Hong Kong stock exchange. In the last year, investments amounted to 276 million euros, against 217 million in 2021.

“The group has ample growth potential that derives from an extraordinary creative vision and industrial strength.

We will continue to invest in our brands, in the renewal of the sales network and in manufacturing excellence”, promised the new CEO of Prada, Andrea Guerra. .

Source: Terra

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