In the third quarter, the Americas was the best performing region, and Asia-Pacific, Japan and Europe were stable while the Middle East weighed negatively on business.

MILAN – Prada Group continued to report a solid performance in the first nine months of the year.

As of Sept. 30, revenues rose 12 percent to 4.54 billion euros compared with 4 billion euros in the same period last year.

Excluding Versace, which contributed with sales of 441 million euros, and at constant currency, sales were up 4 percent.

In the third quarter, group revenue climbed 11 percent at constant currency.

“The environment remains complex and volatile, requiring focus, agility and rigorous execution. Against this backdrop, we continue to build on the foundations of creativity, product excellence, and manufacturing know-how,” Patrizio Bertelli, Prada Group chairman and executive director, said in a statement Thursday.

“The recent opening of the production facility in Piancastagnaio in Tuscany, a fully integrated hub dedicated to leather goods, reiterates the group’s industrial vision, rooted in the respect for the territory and the quality of the working environment. While market turbulence is likely to persist, we are confident in our ability to navigate the challenges ahead and will continue to build for the long term, staying true to our identity and leveraging the strengths of our organization,” he added.

Prada ‘s retail sales were up 2 percent in the nine-month period and up 1 percent in the third quarter, supported by positive performance in Americas and Asia-Pacific, including China, and broadly stable trends in Europe and Japan year-on-year.

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