????? ?? 2012? ?? ??? ?? ???? ????

'p '???? ??? ?? Pambianco Strategie die Impresa ? ?? 2012? ?? ???? 14? ?? ?? ??? ??? 2012? ???? ?? ??? 12% ??? 2011? 296? ???? 32? ???? ????.

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'p'? ???? ?? ???? ?? ??? ?xottica Group SpA (MTA:LUX, NYSE:LUX ??? ?? 70????, ? ???? Guci Group 36???? Prada (1913.HK)? 32????.

? ??? 10? ??? ??? ?? 10? ???? 20? ??? 4? ????.

?? ?? ??? ? ???? ??????? (38.5%), ??? (29%), ??? (21.5%) ????.

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'p'? 26? ???? ????? ??? 23? ??? ?? ???? ?????, EBITDA ??, ????, ?? ?? ? ???? 20.6%? 2011? 20.3%?? ???, ?? ???? 34.6%, ?????????? 34%, ??? 31.9%? 3?? ???.

?? ???? ??? 14? ?? ?? ?? ? 11?, ?? EBITDA ??, ????, ?? ?? ? ???? 19.4%, 2011? 19.1%??.

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'Pambianco Strategie diimpresa'? 1?? ? ??? ??? ?? ?? ??? ??? ? ???? 4.3% ?? ??? ????? ??? 1% ????.

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