(ANSA) – MILAN, JANUARY 18 – The Prada group confirms the strong growth trend anticipated during the Capital Markets Day of last November 18, closing the 2021 financial year with a second half of strong improvement in terms of revenues, margins and generation of cash desk. The total revenues of the group for the year 2021 amounted to 3,364 million euros (+ 41% at constant exchange rates compared to 2020 and + 8% compared to 2019), “thanks to the brilliant performance of the retail channel”, as reported by a note of the group itself.
Sales of directly operated stores, including e-commerce, show progress in the second half of the year at constant exchange rates of 27% compared to the same period of 2020 and 21% compared to the same period of 2019. The rationalization of the wholesale channel continues. , in line with the group’s strategy.
Ebit recorded a significant increase thanks to the greater contribution of the retail channel and to full-price sales. The strong cash generation enabled the group to achieve a largely positive net financial position as at 31 December 2021. (ANSA).
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Source From: Ansa
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