Luxury goods giant Prada Holding NV on Thursday posted a 10.9 per cent climb in fourth quarter sales to 416 million euros from 375 million euros in 2001 but said full-year sales fell 3.1 per cent to 1.56 billion euros.

The company, whose stable of brands include Miu Miu, Jil Sander, Helmut Lang and Church's, is among a handful of upscale fashion companies that posted an increased in quarterly sales amid a tough retail environment.

"These figures were made possible by a continual push in all of the group's international markets, a high level of product innovation, a close attention to costs, and a constant application of integration of the value chain," it said.

Prada last year ditched plans for an IPO for the third time due to unsuitable market conditions.