Leather goods sales for the Group posted double digit growth of 12%, footwear was up 20% and ready-to-wear increased by 36%. Retails sales were worth €1.975 billion, up 21% with Prada branded sales up 18% and MiuMiu up a whopping 50%. Net revenue was €2.23 billion up 20%.

In terms of markets, Asia Pacific accounted for rebound of +25%, Europe was up 24%, Japan +49% and Middle East was up 14%. Sales in the Americas fell by 1%.

Patrizio Bertelli, Prada Group Chairman and Executive Director, commented:

“The semester ends with solid results for the Prada Group, thanks to the desirability of its brands and to disciplined execution. Our globally balanced distribution allows us to capture growth despite ever-evolving industry demand dynamics. We are pleased with the quality of Prada’s continued growth and with the remarkable performance of Miu Miu. We will remain vigilant and nimble, ready to deal with different macroeconomic and demand scenarios that may materialise ahead. Our brands retain vast growth potential; our strategy is clear, and our reinforced organisation is well equipped to execute.”