PRADA SpA's net profits soared by 44.9 per cent to €625.7 million (£531.7 million), in 2012 compared to €431.9 million (£366.9 million) in 2011. Revenues rose by 29 per cent to €3.29 billion (£2.79 billion).
The figures break "new records in terms of revenues and earnings", according to the label's CEO, Patrizio Bertelli. The boost was caused by growth in all markets, and a successful year's trading in leather goods.
"Based on these results and a sound equity and financial structure, we will proceed along our path of growth with further investment on retail network expansion, confident that, general economic uncertainty notwithstanding, the work that has been done over the past few years has laid the foundations for the future success of our business," Bertelli told WWD.
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