Prada S.p.A. (OTCPK:PRDSY) Q1 2025 Earnings Conference Call April 30, 2025 8:00 AM ET
Company Participants
Andrea Bonini - Chief Financial Officer
Andrea Guerra - Group Chief Executive Officer
Conference Call Participants
Susy Tibaldi - UBS
Ed Aubin - Morgan Stanley
Erwan Rambourg - HSBC
Thomas Chauvet - Citi
Melania Grippo - BNP Paribas
Chris Gao - CLSA
Oriana Cardani - Intesa Sanpaolo
Paola Carboni - Equita SIM
Andrea Bonini
Good afternoon, everyone and thank you for joining the Prada Group's First Quarter of 2025 Revenue Update. I'm delighted to be with you again and with me today is our Group CEO, Andrea Guerra. We will start with some remarks and then move to Q&A.
Before we start, please be reminded that during today's call we may discuss forward-looking statements, which are subject to risks uncertainties and factors beyond our control and the actual outcome and return may defer materially from such statements. Please refer to the disclaimers included on Slide 2 of our presentation.
With that I will hand over to Andrea Guerra.
Andrea Guerra
Good afternoon, Andrea. [Foreign Language]. We had a positive and solid first four months of the year with a low teen double-digit growth has not been easy. The sector is now going flat or backwards since 18 months. And there is no real improvement signals in front of us. We were able to show a plus 13 in retail growth with the Prada brand competing against a very strong quarter in 2024 of almost a double-digit growth of 2023.
We will continue to build Prada desirability and Prada’s innovation to remain in a positive territory, even in this tough circumstances. Miu Miu continued on its path with a strong growth in the quarter. Prada brand continues on its journey, on its journey of cultural innovation and after a
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