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

Ben

Ben Stock is a lifestyle journalist and author at Gossipify. He writes about topics such as health, wellness, travel, food and home decor. He provides practical advice and inspiration to improve well-being, keeps readers up to date with latest lifestyle news and trends, known for his engaging writing style, in-depth analysis and unique perspectives.