Prada's Hong Kong-listed shares surged 8.01% during intraday trading on Monday, snapping a seven-session losing streak and climbing to their highest level in a week.

The sharp rise followed the Italian luxury group's release of first-quarter financial results. Revenue at constant exchange rates, excluding the contribution of Versace, rose 3% year-over-year. This growth was driven by double-digit sales increases in the Americas, which helped offset weaker performance in Europe and the Middle East.

Group revenue for the January-March period totaled 1.4 billion euros, a figure that was broadly in line with analyst expectations.