By  on September 24, 2007

MILAN — Prada SpA saw double-digit profit and sales growth in the first half despite the strength of the euro against the dollar and yen.

Prada said that the company’s earnings before interest, taxes, depreciation and amortization, or EBITDA, for the six months ended July 31 rose 40 percent to 140 million euros, or $187.6 million at average exchange rates.Sales for the period grew 18 percent to 811.5 million euros, or $1.09 billion, but would have advanced 23 percent at constant currency rates.

“This performance confirms the validity of the strategic choices we have made in recent years,” Prada chief Patrizio Bertelli said in a statement. “The growth of Prada’s business in all its key markets testifies to the outstanding strength and vitality of the brand, while Miu Miu confirms its significant potential for development.”

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