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. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Weinswig’s Weekly: Understanding Amazon Fashion—Key Insights from Our Annual US Consumer SurveyUS Store Tracker Extra, October 2024: Drugstore Chains Drive Total Closed Space to 99 Million Square FeetThree Things You Need To Know: US CPG—The Consumer Health CategoryInnovator Profile: IN BOLD PRINT. Drives Sustainability in Retail Through Carbon Tracking