PRADA (01913) has released its interim results for the 2026 financial year, reporting net revenues of approximately 3.048 billion euros, a 16% increase year-on-year at constant exchange rates. The adjusted EBIT margin stood at 17.4%, or 530 million euros. Profit attributable to owners of Prada S.p.A. for the period was 327 million euros, down 15.3% from the previous year, with earnings per share of 0.128 euros.

Retail sales reached 2.633 billion euros, up 12% year-on-year, with organic growth of +3%. This compares to the double-digit growth of +10% recorded in the first half of 2025. Despite being more significantly impacted by the Middle East conflict, the second quarter improved to organic growth of +5%.

The group delivered solid results in the first six months of the year, with a strong performance in the first quarter and accelerating growth in the second quarter. Net revenues increased by 16% year-on-year at constant exchange rates and by 5% on an organic basis. The retail channel, serving as the primary growth driver, rose 12%, with organic growth of +3%, compared to the double-digit growth of +10% in the first half of 2025.

At the brand level, Prada achieved a solid performance, with retail sales net up 3% year-on-year. Miu Miu maintained strong results, despite facing a high comparison base (+40%) and being more adversely affected by the Middle East conflict, still recording a 3% increase in retail sales net for the period. Versace performed in line with expectations, contributing 305 million euros in net revenues for the first half of the year.