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Prada (1913 HK) Miu Miu 24Q3成長再提速 24Q3E takeaways: robust revenues as Miu Miu initiatives raise brand appeal and growth ticks up again BUY (maintain) 投資要點/Investment Thesis 投資要點/Investment Thesis 公司發佈FY24Q3財務數據 普拉達FY24Q3(2024.7.1-9.30)收入同增18%(固定匯率,下同),其中零售收入同增18%,批發收入同增11%,特許權費同增16%;其中零售收入按品牌劃分,Prada收入同增2%,MiuMiu收入同增105%;零售收入按地區劃分,亞太區收入同增12%,歐洲收入同增18%,美洲收入同增10%; Q3E revenue up 18%; retail business, Miu Miu and Europe were key growth drivers Prada recently released a revenue update incorporating 24Q3E numbers, including growth data based on constant currency in yoy terms: 24Q3E revenue rose 18%; with granular perspectives below: •Channels: retail increased 18%; wholesale rose 11%; and royalties were up 16%. •Brands: Prada grew 2%; and Miu Miu in
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