Insight Report 4 minutes PremiumPrada (SEHK: 1913) 1H16 RESULTS: REVENUE HEADWINDS FROM REDUCED TOURISM SPENDING IN EUROPE AND SLOWDOWN IN ASIA Coresight Research August 30, 2016 Executive Summary Prada reported revenue of €1,554 million for the six months ended July 2016, down nearly 15% year over year and missing the consensus estimate of €1,642 million. Reported EPS was €0.06for the period, down almost 26% but above the consensus estimate of €0.05. The weakness in the top and bottom line in 1H16 was due to a broad-based decline across all regions and product categories. The Asia-Pacific region and the leather goods product category were the worst hit. The company expects a return to sales and profit growth next year. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Generative AI Latest: Content Indemnification, Security Concerns and Response from Chinese GiantsEarnings Insights 2Q23, Week 3: Alibaba Reports Double-Digit Growth; Capri Holdings, Hanesbrands, Qurate Retail and Under Armour See Sales DeclineShoptalk 2023 “Shark Reef” Startup Pitch Competition: Recap—12 Innovators, Two WinnersShoptalk Europe 2024 Startup Pitch: All You Need To Know