Luxury fashion house Prada has booked double-digit growths across its top and bottom lines for the first half, with improvements recorded in all markets.

The company’s net revenue for the six months ended June 30 rose 17 per cent year-on-year to €2.549 billion (US$2.76 billion). Retail sales jumped 18 per cent to €2.263 billion, driven by like-for-like and full price volumes.

Patrizio Bertelli, Prada Group chairman and executive director, said the “solid results” reflect the strength of the company’s brands and its growth strategy.

“We are satisfied with the above-market performance and high-quality, like-for-like growth trajectory that we have achieved in an increasingly uncertain market environment,” Bertelli added.

In terms of geography, Japan was the best-performing region with a 55 per cent growth in sales, supported by healthy local demand and strong tourism flow. Asia Pacific sales rose 12 per cent.

Sales in Europe and the Americas increased 18 per cent and 7 per cent, respectively. The Middle East registered a 20 per cent improvement despite persisting geopolitical tensions in the region. 

At the Prada brand, retail sales grew 6 per cent year on year, while Miu Miu remained on a strong trajectory with sales up 93 per cent.

Andrea Guerra, Group CEO, said the company will remain agile and sharp on its product range and overall positioning given the current macroeconomic and geopolitical context.

“While being vigilant, we remain committed to our strategy and to our ambition to deliver solid, sustainable and above-market growth.” 

On the bottom line, the company’s net income was up 15 per cent to €383 million, with an EBIT margin of 22.6 per cent.