Prada shares perform poorly

20 September 2017

Data from Bloomberg has revealed Hong Kong-traded Prada has delivered low returns to investors after a year of declining revenue and margins.

The Italian fashion house showed a share performance of just 5% in 2017, putting it in ninth place behind competing luxury goods manufacturers Ferragamo, Hermes, Burberry, Coach, LVMH, Dior, Moncler and Gucci-owner Kering in first position, with an increase to its share value of almost 50%.

Prada is forecast to report a six-month net profit of €143 million on revenue of €1.53 billion, much the same as last year.

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