Prada reported its sales figures for the financial year ending January 31, 2017 earlierthis morning. FY sales of �3,184 mn were in line with company consensus. Thecompany highlighted rapid growth resuming in China and Europe. This was offset byUS and Japan weakness, with both countries negatively affected by strongcurrencies impacting tourist flows. These overall in-line results highlight that therecovery trends seen elsewhere among luxury companies do not seem to haveslowed down in January 2017.
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