PRADA spa

PRESS RELEASEPRADA SPA APPROVES GROUP RESULTS FOR FIRST QUARTER OF 2013:
POSITIVE TREND OF GROWTH CONFIRMEDCONSOLIDATED NET REVENUES of Euro 782 million, +14%
EBITDA of Euro 241 million, +20%
EBIT of Euro 196 million, +19%
NET INCOME of Euro 138 million, +14%
Positive NET FINANCIAL POSITION of Euro 360.5 million

Milan, June 11, 2013 – The Prada spa Board of Directors today reviewed and approved
the consolidated results for the quarter ended April 30, 2013 which show steadyrevenue and earnings growth.
Consolidated net revenues amounted to Euro 782.3 million, a 13.9% increase (+15.2%
at constant exchange rates) on the Euro 686.7 million reported for 1Q12.
EBITDA amounted to Euro 240.8 million, a 20.4% increase on 1Q12, and represented
30.8% of consolidated net revenues.
EBIT amounted to Euro 195.7 million and represented 25% of consolidated netrevenues, improved from 24% reported in 1Q12.
Net income increased by 13.5% from Euro 121.7 million in 1Q12 to Euro 138.2 million in1Q13.
The positive Net Financial Position improved to Euro 360.5 million from Euro 312.6million at January 31, 2013.
Analysis of revenues
Distribution channels
Revenues for the quarter followed contrasting trends in the two main distribution

PRADA spachannels. Sales through Directly Operated Stores (462 DOS at April 30, 2013) amounted
to Euro 678.7 million and increased by 19.1% (+20.8% at constant exchange rates); they
were also sustained by solid Same Store Sales Growth of +8%. Meanwhile, sales in thewholesale channel fell by 9.4%, in line with expectations and as a result of the selective
approach to independent customers.
Markets
The Asia Pacific market grew by 24.8% (+23.1% at constant exchange rates) thanks tothe strong contribution of Directly Operated Stores in Greater China.
A similar trend was seen in the Americas with +23% growth at constant exchange rates.
In the Americas, growth in the retail channel was accompanied by a healthy increase in
the wholesale channel, confirming the strength of the US market.
The European market remained broadly unchanged (+1.3% growth at constantexchange rates) with contrasting dynamics in each of the two main distribution channels:
sales through the retail network, primarily boosted by the healthy flow of travelers,
continued to enjoy double figure growth while the wholesale channel recorded asignificant drop in revenues.
The Japanese market recovered well with revenue growth of 12.2% at constantexchange rates, though the weakening of the Yen resulted in a 1.8% drop in revenues inEuro.
BrandsThe Prada brand achieved +18% revenue growth (+19.1% at constant exchange rates),
confirming its solidity. Miu Miu also performed well with +5% growth (+7.4% at constantexchange rates) as did Church’s with a +2.8% increase (+4.7% at constant exchangerates). However, the revenues of Car Shoe fell because of the overall reduction in thewholesale channel.
ProductsRevenues from sales of leather goods again grew strongly with a +29% increase andreached almost 70% of consolidated net revenues for the quarter. Meanwhile, appareland footwear, more exposed to the wholesale channel, recorded revenue decreases ofPRADA spa

5.1% and 12.2%, respectively.
Patrizio Bertelli, Chief Executive Officer of Prada Spa, commented: “In an international
economic environment that remains extremely volatile and uncertain, the Prada Grouphas recorded another highly positive quarter, continuing along is path of development
founded on solid and lasting growth. In 2013, we will again concentrate on theinternational expansion of our retail network but without moving away from tight control
over costs and working capital, also in order to safeguard our cash flow generation”.

For further information, please contact:
Prada Press OfficeTel. +39.02.541921
e-mail: ufficio.stampa@prada.com

PRADA Group
The PRADA Group –HKSE Code: 1913 – is one of the world leaders in the luxury goods sector where itoperates with the Prada, Miu Miu, Church’s and Car Shoe brands in the design, production and distributionof luxury handbags, leather goods, footwear, apparel and accessories. The Group also operates, underlicensing agreements, in the eyewear, fragrances and mobile telephone sectors. Its products are sold in 70
countries worldwide through a network that included 462 directly operated stores (DOS) at April 30, 2013
and a select network of luxury department stores, independent retailers and franchise stores.