Prada S.p.A. (PRDSY) Q1 2025 Earnings Call Transcript

2025-05-02 10:49:37 ET

Prada S.p.A. (PRDSY)

Q1 2025 Earnings Conference Call

April 30, 2025 08:00 AM ET

Company Participants

Andrea Bonini - Chief Financial Officer

Andrea Guerra - Group Chief Executive Officer

Conference Call Participants

Susy Tibaldi - UBS

Ed Aubin - Morgan Stanley

Erwan Rambourg - HSBC

Thomas Chauvet - Citi

Melania Grippo - BNP Paribas

Chris Gao - CLSA

Oriana Cardani - Intesa Sanpaolo

Paola Carboni - Equita SIM

Presentation

Andrea Bonini

Good afternoon, everyone and thank you for joining the Prada Group's First Quarter of 2025 Revenue Update. I'm delighted to be with you again and with me today is our Group 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 return may defer materially from such statements. Please refer to the disclaimers included on Slide 2 of our presentation.

With that I will hand over to Andrea Guerra.

Andrea Guerra

Good afternoon, Andrea. [Foreign Language]. We had a positive and solid first four months of the year with a low teen double-digit growth has not been easy. The sector is now going flat or backwards since 18 months. And there is no real improvement signals in front of us. We were able to show a plus 13 in retail growth with the Prada brand competing against a very strong quarter in 2024 of almost a double-digit growth of 2023....

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