SEHK:1913Luxury
Prada (SEHK:1913) Stock Revenue Run Meets Versace Margin Drag
Prada stock came into these results on a strong run, with the shares up about 25% over the past three months and trading on a trailing P/E of 15.5x, richer than the Hong Kong luxury average. The headline from H1 2026 is clear: revenue passed €3b and organic growth continued, yet net profit margin for the last 12 months sat at 13.2%, lower than the prior year, while the integration of Versace weighed on group profitability.
This tension between a premium valuation and a thinner margin profile...