奢侈品巨头普拉达（01913.HK）今日盘中股价大跌5.13%，投资者对公司最新公布的2025年上半年业绩反应消极。尽管公司在多个方面实现了增长，但市场似乎对其表现仍有所保留。
根据普拉达发布的中期业绩报告，公司上半年收益净额达27.4亿欧元，按固定汇率计同比增长9%。然而，计及汇兑波动后，增幅降至7.5%。净利润仅微增0.6%至3.86亿欧元，每股盈利0.151欧元。值得注意的是，公司决定不派发中期股息，这可能引发了投资者对公司现金管理策略的担忧。
尽管零售销售净额同比增长10.1%，主要受益于全价销售和可比销售增长，但区域表现不均衡。其中，Prada品牌的零售销售净额按固定汇率计算反而下降2%，而Miu Miu品牌则实现了49%的强劲增长。公司在财报中警告称"旅游复苏节奏存在不确定性"，同时面临地缘政治和旅游波动的挑战，这些因素可能引发了市场对公司未来增长前景的担忧。股价的大幅下跌似乎反映了投资者对普拉达在当前复杂的全球经济环境中维持高速增长能力的质疑。
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