PRADA SpA's net profits
soared by 44.9 per cent to €625.7 million (£531.7 million), in 2012 compared to
€431.9 million (£366.9 million) in 2011. Revenues rose by 29 per cent to €3.29
billion (£2.79 billion).
The figures break
"new records in terms of revenues and earnings", according to the
label's CEO, Patrizio Bertelli. The
boost was caused by growth in all markets, and a successful year's trading in
leather goods.
"Based on these
results and a sound equity and financial structure, we will proceed along our
path of growth with further investment on retail network expansion, confident
that, general economic uncertainty notwithstanding, the work that has been done
over the past few years has laid the foundations for the future success of our
business," Bertelli told WWD.
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