PRDSY - Prada S.p.A. (PRDSY) Sales Call Transcript
2024-04-24 13:59:03 ET
Prada S.p.A. (PRDSY)
Sales Call
April 24, 2024 08:00 AM ET
Company Participants
Andrea Guerra - Chief Executive Officer and Executive Director
Andrea Bonini - Chief Financial Officer
Conference Call Participants
Chris Huang - UBS
Edouard Aubin - Morgan Stanley
Chiara Battistini - JPMorgan
Melania Grippo - BNP Paribas
Erwan Rambourg - HSBC
Louise Singlehurst - Goldman Sachs
Thomas Chauvet - Citi
Charles Louis Scotti - Kepler Cheuvreux
Liwei Hou - CICC
Chris Gao - CLSA
Presentation
Operator
Good day, and thank you for standing by. Welcome to the Prada Group Q1 2024 Revenue Update Conference Call and Webcast. At this time, all participants are in listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]. And please also note that today's conference is being recorded.
I would now like to turn the conference over to Mr. Andrea Bonini, CFO. Please go ahead, sir.
Andrea Bonini
Thank you. Good afternoon, everyone and thank you for joining the Prada Group's first quarter 2024 revenue update. I'm delighted to be with you again. And with me today is our Group's CEO, Andrea Guerra. We will start with some remarks and then move to Q&A. Before we start, please be reminded that during today's call, we may discuss forward-looking statements, which are subject to risks, uncertainties and factors beyond our control and the actual outcome and returns may differ materially from such statements. Please refer to the disclaimers included on Slide 2 of our presentation.
And with that, I will hand over to Andrea Guerra.
Andrea Guerra
Good afternoon. So as already we said during our last conferences and meetings, we think that 2024, as it was the second half of 2023, this is a period that in which we will observe a different kind of market, a different kind of trends compared to past years. This is a period in which sharpness of brand positioning, brand desirability, strong creativity will mark differences. As Prada Group, we had a positive start to 2024 with a total group retail growth of 18%, basically like-for-like....
Prada S.p.A. (PRDSY) Sales Call Transcript