高盛发表研报指，普拉达(01913.HK) 2024财年业绩主要正面因素为市场份额增长与利润率扩张，反映Prada主品牌及Miu Miu在品牌动力上的强劲表现。
高盛提及，Prada品牌于2024财年的直营销售增长4%，与同业相比表现优异；至于Miu Miu于2024财年93%的基本销售增长，反映该品牌目前正处于扩张阶段及其相对较小的基数，然而增长主要反映基本销量的扩张。
高盛引述普拉达管理层指，计划实现双位数的零售店面扩张，这支持该行对普拉达2025财年零售销售增长21%的预测。总体而言，该行对普拉达2025财年息税前利润(EBIT)预测上调4%，并继续认为集团有获市场提升盈测及重新评级的空间。
另外，高盛将普拉达2025及2026财年息税前利润预测上调4%；基本销售增长预期基本保持不变。另外，2025财年息税前利润率预测由23.8%提高至24.1%；2026财年预测则由24.6%提高至24.9%。高盛将普拉达目标价由68.5元上调至78.1元，维持“买入”评级。(js/da)(港股报价延迟最少十五分钟。沽空资料截至 2025-03-07 16:25。)
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