Prada group posts solid first half 2025 results

Prada Group announced net revenues of €2,740 million for the first half of 2025, a 9.1% increase at constant exchange rates compared to the same period in 2024. This growth was driven by full-price, like-for-like sales, with retail net sales rising by 10.1%. Gross margin remained stable at 80.1% of net revenues, benefiting from greater absorption of production overheads and reduced logistics costs.

Operating income (EBIT) for the period reached €607.3 million, with an EBIT adjusted of €618.5 million, up 8% from H1 2024. Net income for the group was €385.9 million. The group closed the period with a net financial surplus of €352 million, following a dividend payment of €398 million and capital expenditure of €294 million.

Strategic moves included the acquisition of Versace for an enterprise value of €1.25 billion and a 10% equity investment in Rino Mastrotto Group. Miu Miu continued its strong growth trajectory with retail net sales up 49.2%, while Prada showed resilience despite high prior-year comparables.