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Prada (SEHK: 1913) FY16 Results: Asian Markets Hit Profits Hard at Prada

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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