MILAN — Boosted by sales at its directly operated stores and led by solid growth in Asia-Pacific, particularly in China, and the United States, Prada SpA reported a 7.9 percent rise in net profit to 440.9 million euros, or $582 million, in the nine months ended Oct. 31.
Operating profit increased 10.7 percent to 677.8 million euros, or $894.7 million. Revenues climbed 10.1 percent to 2.57 billion euros, or $3.4 billion. All figures have been converted at average exchange rates for the period in question.
“In a quarter again affected by unfavorable foreign exchange trends and a general slowdown in consumption, the Prada Group continued to grow also through retail network expansion, while maintaining the high levels of profitability already achieved,” said Patrizio Bertelli, chief executive officer of Prada SpA.
“We are satisfied with these results which encourage us to continue along a path of long-term growth, based on a balanced presence in all markets and on the undisputed stylistic leadership of our brands,” he added.