Prada (SEHK: 1913) 1H19 Results: Sales Increase Slightly, In Line with Market Expectations

Key Points

• In 1H19, Prada’s net revenue was €1.57 billion, up 1.9% year over year on a constant- currency basis. Net retail sales rose 2.4%, to €1.55 billion.
• Operating margin decreased 170 bps to 9.6% while gross margin fell 30 bps to 71.7%.
• Adjusted EPS of €0.06 was up 55.7% over 1H18.