PRADA spa

PRESS RELEASEPRADA APPROVES RESULTS FOR
THE NINE MONTHS ENDED OCTOBER 31, 2013
THE GROUP AGAIN ACHIEVES SOLID GROWTH
Consolidated net revenues of € 2,576.1 million, + 10.1%
EBITDA of € 821 million, + 12.8%
EBIT of € 677.8 million, + 10.7%
Group Net Income of € 440.9 million, + 7.9%
Positive Net Financial Position of € 303.5 million
Milan, December 20, 2013 – The Prada SpA Board of Directors, which met today, has
examined and approved the Interim Consolidated Report for the nine months ended
October 31, 2013.
CONSOLIDATED NET REVENUES totaled Euro 2,576.1 million, up by 10.1% on theEuro 2,339.3 million reported for the first nine months of 2012. At constant exchange
rates, the rate of growth would have been 14.3%.
EBITDA amounted to Euro 821 million and increased by 12.8% on the same period in2012, representing 31.9% of consolidated net revenues.
EBIT amounts to € 677.8 million, 26.3% of consolidated net revenues and up by 10.7%
on the first nine months of 2012.
NET INCOME has increased by 7.9% to Euro 440.9 million and represents 17.1% ofconsolidated net revenues.
The net financial position is positive by Euro 303.5 million after financing capex for theperiod of Euro 416 million and distributing dividends of Euro 230 million to shareholders.

Distribution channels
Sales by directly operated stores (516 DOS at October 31, 2013) totaled € 2,182
million with a 13.8% increase compared to the first nine months of 2012 (+18.7% at

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constant exchange rates). Meanwhile, wholesale channel sales decreased by 6.5% (5.5% at constant exchange rates), in line with the selective strategy adopted in relation
to independent retailers.

Markets
Sustained growth was achieved in all geographical areas:- Asia Pacific growth slowed down slightly in the third quarter but continued to be strongat 14.4% (+16.7 at constant exchange rates); a significant contribution was made byDOSs in Greater China.
- the American market recorded another excellent performance this quarter with growthof 13.5% (+17.5% at constant exchange rates), almost entirely thanks to the retailchannel which continues to accelerate.
- the European market held up well with 5.2% growth (+6.5% at constant exchange
rates), though there were contrasting trends in the two distribution channels: sales
through the retail network recorded double digit growth, largely thanks to the flow oftravelers/tourists, while the wholesale channel recorded a drop in revenues.
- Japan continues its expansionary phase and revenues grew by 18.6% at constantexchange rates though the ongoing weakening of the Yen meant that Euro equivalentrevenues actually fell by 2.9%.
- the contribution made by the Middle East to Group sales grew strongly: at October 31,
2013, there were some 16 DSOs in this area and they generated revenues of Euro 65
million.

BrandsThe Prada brand achieved double digit growth of +12.7% (+16.8% at constant exchangerates). Revenue growth was also achieved by Miu Miu, +2% (+7.1% at constantexchange rates) and Church’s, +2.2% (+5.6% at constant exchange rates). Meanwhile,
Car Shoe revenues fell, largely because of the decline of the wholesale channel.

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Investment
Capex for the period totaled Euro 416 million including the purchase of retail properties
in London and St Petersburg. It was mainly invested in the opening of new stores andthe expansion and renovation of existing ones.
Patrizio Bertelli, Chief Executive Officer of Prada Spa commented: “ In a quarter again
affected by unfavorable foreign exchange trends and a general slowdown inconsumption, the Prada Group continued to grow also through retail network expansion,
while maintaining the high levels of profitability already achieved. We are satisfied withthese results which encourage us to continue along a path of long-term growth, basedon a balanced presence in all markets and on the undisputed stylistic leadership of ourbrands.”

For further information, please contact:
Prada Press OfficeTel. 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 it
operates 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 516 directly operated stores (DOS) at October 31, 2013 and a select network ofluxury department stores, independent retailers and franchise stores.