Source: Prada

Prada posts over €180m net income in H1

This is despite seeing sales drop in its APAC business.

Prada reported it posted a €188m net income in the first half of the year, up from €97m in the same period in 2021. 

The company’s net revenue stood at €1.90b, reflecting a 22% year-on-year growth; of which €1.678b were from retail sales, €194m were from wholesale sales, and €29m were royalties. 

“In the first six months of 2022, Prada Group delivered growth in both revenue and profitability, continuing to invest with a long-term perspective in creativity, industrial know-how, and product Innovation,” Patrizio Bertelli, Prada Group CEO, said.

“Thanks to our global presence and geographical distribution of sales, we have more than compensated for the impact of the various lockdowns in Mainland China and sanctions on Russia, where we continue to support our people despite store closures.”

READ MORE: Prada APAC sales jump 29% YoY in 2021

Across its markets, Prada saw a decline in its retail performance in the Asia Pacific, where it declined by 7% YoY to €590m. This was largely driven by lockdowns in Mainland China from mid-March. 

Prada noted this was offset by strong performances in Korea and Southeast Asia. 

Meanwhile, Japan and the Middle East sales were up 28% to €161m and 24% to €80m, respectively. 

Moreover, Prada’s retail performance in Europe and the Americas also improved by 34% and 116% to €486m and €360m, respectively.


Follow the link for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

South Korea's dermocosmetics market ranks 6th globally
It has attracted competition from "concept-dermo," "dermo-inspired," and "pharma-dermo" brands. 
Hydration products gain traction in APAC
It was driven by increased awareness of health concerns like global warming and modern lifestyles.


Embracing technology and personalisation drives e-commerce in Indonesia
3 retail executives compare notes on rapid tech-driven growth of e-commerce at Retail Asia Forum.
Embracing hyperlocal retailing in Indonesia
Retail Asia Forum in Jakarta delved on the complexities of implementing hyperlocal retail strategies in a country as diverse as Indonesia.
PT ABC President Indonesia touts retail with personalised digital campaign
COO Dwi Hatmadji showcases successful Gen Z and millennial engagement strategy at Retail Asia Forum 2024
What new brands need to succeed in Asian markets
Price sensitivity remains a critical factor especially in essential categories like food and beverages.