Prada posts 12.5% increase in first quarter revenues thanks to Miu Miu's growth

Prada

30/04/2025 12:40

MILAN, April 30 (Reuters) - Net revenues at Italian luxury group Prada 1913.F rose 12.5% at constant exchange rates in the first quarter, slightly above analysts expectations, thanks to a 60% jump in retail sales at its smaller brand Miu Miu.

Prada's net revenues rose to 1.34 billion euros, the group said on Wednesday, while a Visible Alpha consensus expected them to increase to 1.33 billion euros.

Retail sales at the group's main and eponymous brand Prada were flat in the first quarter.

 (Reporting by Elisa Anzolin,
Editing by Keith Weir and Gianluca Semeraro)

 ((elisa.anzolin@thomsonreuters.com; 0039 0266129692;))