Prada shares fell more than 4% in Hong Kong trading. At the time of writing, the stock was down 4.27% to HK$42.6, with a turnover of HK$33.11 million. The company is scheduled to announce its 2025 financial results this Thursday, March 5. A research report from CICC indicated that for 2025, Prada Group's revenue is projected to grow by 8% year-on-year at constant exchange rates, or 4% as reported, reaching €5.642 billion. This suggests a negative currency impact of 389 basis points due to the strengthening euro. For the fourth quarter of 2025, the group's revenue growth is expected to slow to 5.1%, compared to 8.5% in the third quarter. This deceleration is primarily attributed to a moderation in Miu Miu's retail growth, forecast at 20% versus 29% in the previous quarter, alongside a normalization in distribution business, projected to decline by 3% after a 19% increase in the third quarter, which had benefited from concentrated shipment timing.