The Italian luxury group finished H1 with a net benefit of 155 million euros (172.5 million dollars) compared to the 99 million euros (119 million dollars) of 2017, due to Patent Box tax relief.
Prada closes the six months ended June 30 on the rise. The Italian luxury group closed the first half with a net benefit of 155 million euros (172.5 million dollars), 56.5% more than the same period last year. The increase was due to the Patent Box tax relief.
Sales for the group also grew during this period, with a rise of 2.2%, up to 1.6 billion euros (1.7 billion dollars). Prada’s ebitda has closed Q2 on the low, with a drop of 1.9%, up to 491 million euros (546.4 million dollars).
By distribution channels, wholesale has boosted the group’s sales, where it grew 14.4% in the period. Sales through owned stores, stuck, with a drop of 0.4%.
Prada boosted its sales 6.2% in Europe and 5.8% in America
By regions, Prada boosted its sales in Europe with a rise of 6.2% and in America 5.8%. In Asia, on the other hand, sales grew 5.8% in Japan and dropped 2% in China.
By product line, apparel was the line with the best performance, with a rise of 7.6%. Leather goods and footwear slowed their speed, with rises of 1% and 0.3% respectively.
By brands, Prada’s revenue has increased 3.7% between January and June, up to 1.3 billion euros (1.4 billion dollars), while Miu Miu dropped its revenue, up to 221 million euros (246 million dollars).