高盛：普拉达(01913)宣布收购范思哲

智通财经网2025-04-14

智通财经APP获悉，高盛发布研报称，普拉达(01913)宣布收购范思哲。在估值方面，根据Visible Alpha的共识数据，Prada在2025财年(截至12月底)的企业价值与销售额之比(EV/Sales)为2.4倍。范思哲的收购价格对应的企业价值与销售额之比为1.7倍(基于13.75亿美元的企业价值计算，按6/美元汇率1.08换算，以及公司预计的截至2025年3月底财年8.1亿美元的收入)。...

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Margin)预计为负，约在-HSD%(文档中未明确HSD%的具体含义)。作为参考，Prada还预计，在Prada2024财年的预估数据中，范思哲将占集团收入的13%，集团息税前利润率将从报告的23.6%降至约20%。Prada表示，此次收购的目标是充分挖掘范思哲品牌的潜力，利用其丰富的品牌传承和鲜明、易于识别的美学风格。Prada还认为，从规模效益角度出发，范思哲可以在24-48个月的时间内，借助集团的运营平台(供应链、零售网络)实现进一步发展。","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation,merge","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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