85 418
Fashion Jobs
LEE
PT Keyholder
Permanent · GRAPEVINE
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · WALPOLE
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · HOUSTON
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · MONONA
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · MORTON
KOHLS
Associate HR Business Partner
Permanent · MENOMONEE FALLS
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · LAKELAND
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · PEARLAND
KOHLS
Full-Time Loss Prevention Service Specialist*
Permanent · NORRIDGE
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · EDWARDSVILLE
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · GURNEE
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · ORANGE CITY
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · MOBILE
NAVY EXCHANGE
Supply Chain Systems Tech
Permanent · VIRGINIA BEACH
NAVY EXCHANGE
(Norfolk Navy Gateway Inns And Suites) Guest Service Representative i
Permanent · WILLIAMSBURG
NAVY EXCHANGE
Guest Service Representative II
Permanent · GULFPORT
NAVY EXCHANGE
Guest Service Representative II (Part-Time)
Permanent · PENSACOLA
NAVY EXCHANGE
Guest Service Representative II (Full-Time)
Permanent · PENSACOLA
NEIMAN MARCUS
Senior Manager, Fulfillment Operations
Permanent · PITTSTON
NEIMAN MARCUS
Loss Prevention Investigator- Charlotte
Permanent · CHARLOTTE
LULULEMON
Visual Merchandising Specialist | Toledo Local
Permanent · TOLEDO
LULULEMON
Community Specialist | Martha's Vineyard
Permanent · EDGARTOWN
By
AFP
Published
Sep 17, 2013
Reading time
2 minutes
Download
Download the article
Print
Text size

Prada net profits rise 7.6% to 308 million euros

By
AFP
Published
Sep 17, 2013

MILAN, Italy - Italy's luxury fashion brand Prada said Tuesday that its net profit rose by 7.6 percent in the first half of its fiscal year to 308.2 million euros ($412 million) and expressed confidence for the future despite an uncertain international economic outlook.

Prada Campaign A/W 2013 | Source: Prada

Consolidated sales rose by 11.7 percent in nominal terms and 14.8 percent at constant exchange rates to 1.73 billion euros in the February through July period.

"We are satisfied with the results achieved in the first half of 2013: revenues have increased in all geographical areas where the Group operates and we have further improved our operating margins," chief executive Patrizio Bertelli said in a statement.

Operating profit measured by earnings before interest, tax, depreciation and amortisation rose by 17.4 percent from the same period in 2012 to 555.1 million euros.

Asia, in particular greater China, saw above-average revenue growth of 17.9 percent.

Revenue jumped by 13.4 percent in the Americas and also grew by 5.6 percent in Europe.

The weakness of the yen meant that revenues in euros in Japan actually fell, although they grew at 16.4 percent at constant exchange rates.

"Our business model, based on a balanced global geographical presence and on the strength of our brands, has enabled us effectively to face the challenges thrown down by an international economic environment which remains uncertain and extremely volatile," said Bertelli.

By brands, Prada revenue jumped by 14.3 percent, while Miu Miu climbed by 4.1 percent. Church's shoes saw revenues climb by 5.4 percent but Car Shoe had revenues fall.

"The objectives achieved to date, the flexibility of our organisational structure and constant monitoring of the markets mean we can look ahead with confidence to the near future," added Bertelli.

Copyright © 2024 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.