PRADA：2023SustainabilityReport.pdf

1、3 38Content Indexp.180-18796Notes on theMethodologyp.157-166Letters to Stakeholdersp.4-93For Planetp.73-1145For Culturep.145-1562Responsible Managementp.55-72Independent Auditors Reportp.188-1914For Peoplep.115-1441The Prada Groupp.10-547Annexp.167-1794index2023 has been a year of excellent results

2、as the Group fully delivered on its ambitions.We have also made significant progress on the Groups evolution,a journey that encompasses every aspect of the organization,enabling our brands to maintain their relevance in an ever-changing society.Andrea GuerraChief Executive Officer and Executive Dire

3、ctor5indexMessage from the CEOEvolve to grow:2023 performanceLet me start on a personal note,by saying that this first year at the Prada Group marks the beginning of an extremely fulfilling chapter for me and that I am extremely proud of being a part of this incredible journey.2023 was a remarkable

4、year,as we achieved our ambitions against the backdrop of increasing macroeconomic and geopolitical uncertainty,especially in the second half of the year.The Group generated revenue of Euro 4.7bn,with growth up+17%.The strong performance of the fourth quarter(+17%),marks the 12th consecutive quarter

5、 of growth.At a brand level,Pradas retail sales grew at a solid+12%,while Miu Miu thrived with+58%.Alongside these excellent topline results,we also improved our profitability,reaching a 22.5%EBIT margin,which also reflects significant investments behind our brands.Our capex was mostly directed to s

6、trengthening our retail network,alongside supporting our industrial and digital strategies:these areas will continue to be our top priorities in the following months.Evolve to stay relevant:our brands as part of the cultural conversationIn a world thats constantly changing,it is crucial for brands t