Prada'S Three Quarter Net Sales Growth In Greater China

< p > for the region, the Greater China area recorded < a href= "http://www.91se91.com/news/index_c.asp" > net sales < /a > 592 million 600 thousand euros, an increase of 14.8% over the same period.

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< p > December 20th, Prada released its unaudited consolidated performance bulletin.

In the 9 months ended October 31, 2013, the total net income of the group was 2 billion 576 million 100 thousand euros, up 10.1% over the same period last year.

At a fixed exchange rate, the increase was 14.3%.

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< p > the report indicates that in the economic environment where consumers are generally tightening their consumption in some areas, Prada continues to expand its retail business through opening up new outlets, and strive to achieve an increase of 13.8% in the nine months to the end of October 31, 2012, resulting in a net retail sales of 2 billion 182 million euros.

On a fixed exchange rate, the retail business grew by 18.7%.

Compared with the nine months ended October 31, 2012, the same store sales growth rate was 7%.

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< p > Prada pointed out that in the nine months ended October 31, 2013, the net income of the group was 440 million 900 thousand euros, up 7.9% from the same period last year. The net performance of the group accounted for 17.5% of the net proceeds from 17.5% to 17.1%, mainly due to the higher depreciation and amortization expenses and the effect of the tax rate.

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During the reporting period, the net positive financial position at the end of 10 in 2013 was 303 million 500 thousand euros, with a net cash flow of 612 million 800 thousand euros, and the cash flow from the operation allowed the group to support the capital expenditure plan with high demand and to pay dividends approved in the 2012 financial statements in the five annual general meeting of 2013 P.

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< p > > a href= "http://www.91se91.com/news/index_c.asp" > Prada < /a > the performance report also revealed that in the nine months ended October 31, 2013, all regions had a positive increase in fixed exchange rates compared with the same period last year.

For the region, the Asia Pacific region recorded a net sales of 932 million euros, an increase of 14.4% over the previous year (+16.7% at fixed exchange rates).

Almost all of the business expansion in the region came from retail channels, and there were 154 direct outlets on 31 October 2013, of which 24 have been increased since the beginning of the year (26 have been opened and 2 have been closed).

Greater China recorded net sales of 592 million 600 thousand euros, an increase of 14.8% over the same period last year.

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< p > in addition to the performance report, Prada also announced in December 20th that < a href= "http://www.91se91.com/pioneer/" > Marco Salomoni < /a > because of its personal decision to devote more time to other affairs, he resigned as a non-executive director of the company and resigned as a member of the Remuneration Committee and Nomination Committee from December 19, 2013.

The board also announced that Ms. Alessandra Cozzani has been appointed as executive director of the company since December 20, 2013.

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< p > Prada announcement, Ms. Alessandra Cozzani, 50 years old, joined the group in 2000 and participated in different management positions of the finance department.

In 2003, he was appointed director of group financial reporting.

Since July 2010, he has been the director of investor relations of Prada, responsible for managing financial communications and investment relations.

He was appointed Executive Director of the company in December 20, 2013 and served as director of the Affiliated Companies.

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