Executive Summary
- Prada reported revenue of €3,548 million in the year ending January 31, 2016, down 0.1% from €3,552 million in FY15 and slightly below the consensus estimate of €3,550 million.
- Reported EPS was €0.129 for FY16, down26.7% from €0.176 in FY15 and below the consensus of €0.14.
- The company stated that the downturn in the international luxury products market, particularly in Asia, was to blame for the poor performance.
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