By  on March 15, 2019

MILAN – Prada SpA on Friday reported 2018 net profits of 205 million euros, down 17.6 percent from 249 million euros in 2017.

In the 12 months ended Dec. 31, revenues at the Italian luxury house totaled 3.14 billion euros, up 3 percent compared with  3.05 billion euros, in 2017. At constant exchange rates, sales grew 6 percent. The performance was lifted by the retail channel and progress in all geographic areas and across product categories.

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