Luxury consumer trends Prada third quarter from PRADA results see net profit of $ 134 million

Prada three quarterly performance remained strong growth of 31 January to 31 October, the company's sales revenue of 1.73 billion euros, an increase of 25% (such as a fixed exchange rate, an increase of 27.5%). Gross profit margin reached 71.4% year on year increase 4.4%. Net profit of 2.73 billion euros, an increase of 74.5%, net sales was 15.8%. Inventory of 385 million, an increase of 37.5%. August 1 to October 31, the company's revenue in the third quarter of 596 million yuan, an increase of 32.8%, net profit of 094 million euros, an increase of 75.2%. The situation in the third quarter than the first quarter and second quarter performance better.

Greater China growth thriving January 31 to October 31, Greater China, 40% same store sales growth, overall growth of 42.2% (50.4% at constant exchange rates). First nine months of Prada Prada opened a total of 27 outlets in China to open four stores in Wuqing, Wenzhou, Harbin, Guangzhou, shut down Chengdu Renhe one of shop, shop number second only to Japan (5 home). MiuMiu new 19, in Guangzhou, only one new. Swiss watch exports growth remained high growth in October, the Swiss watch exports to the mainland was 170 million Swiss francs, an increase of 67.8 percent from January to October reached 1.3 billion Swiss francs, an increase of 50.6%; October the Swiss watch Hong Kong exports to 386 million Swiss francs, up 18.7% January-October cumulative 3.2 billion, an increase of 28%. October Swiss watch data record the absolute amount of a new high, for now, until October, the mainland still maintain a high growth, but the Hong Kong growth rate fluctuations. November 2008 in absolute terms with the ring in October have fallen sharply from historical data, the continent in absolute terms decreased from 093 million to 052 million Hong Kong decreased from 280 million to 240 million, has yet to see evidence of this. Judgment of the consumer situation in the luxury goods industry: the current growth rate slowed down slightly, but the different categories were mixed, yet appeared to have fallen sharply, the November data to be concerned about from the recent view of the luxury of grass-roots research, we believe that growth has The slowdown is a fact, but the performance of the different categories there are differences, some categories the rate of decline, a slight decline in some categories, but no cliff-style decline in November will be an important observation period.