Prada doubles its net profit in Q1 but remained attentive to the conditions

Net income for the Milan group, listed on the Hong Kong Stock Exchange since June 2011, soared 105.6% to 164.8 million euros on first three months of the year, he said in a statement. Its gross operating profit (EBITDA) jumped on his side of 77.2% to € 200.1 million and its turnover from 47.9% to 686.7 million.  Prada said to have benefited from a surge in sales of 55.5% in Europe through a "growing stream of tourists" and "excellent performance" in Asia Pacific where its turnover has increased by 46, 9%, Japan (+38.7%) and the Americas (34.1%).  In terms of products, sales of leather goods jumped 58.2% and represented 62% of sales on pariod, e while those of clothing and footwear increased by respectively 29.7% and 36.3% . "We are very pleased with the results this quarter in terms of sales and profitability, especially considering the uncertain international climate and unpredictable," said Patrizio Bertelli, CEO of the group and husband of the President , Miuccia Prada.