Home / Knowledge / News / Apparel/Garments / Outstanding results in first half: TOD's Chairman
Outstanding results in first half: TOD's Chairman
17
Aug '11
The Board of Directors of Tod's S.p.A., the Italian company listed on the Milan Stock Exchange and holding of the luxury goods group of the same name operating in luxury and quality shoes, accessories and apparel with the Tod's, Hogan, Fay and Roger Vivier brands, today approved the Group's 2011 Half-Year Report.

Consolidated sales were 439.5 million Euros in the first half of 2011, up 16.4% from H1 2010.

All the distribution channels posted outstanding performances, in all the product categories and the geographical regions.

The Group achieved a strong improvement of its operating profitability1. Consolidated EBITDA was 115.6 million Euros in the first half of 2011 (+27.5% compared to H1 2010) with a 26.3% margin on sales (+230 basis points versus H1 2010). EBIT was 96.4 million Euros (+29.8% compared to H1 2010) with a 21.9% margin on sales (19.7% EBIT margin in H1 2010). The Group's net income was 65.4 million Euros, up 26.7% from H1 2010.

Diego Della Valle, Chairman and CEO of the Group, commented as follows: “Half-year results confirm once more the effectiveness of our strategy, which allows our Group to continue to grow double-digit its revenues and to further improve its good profitability. The strong results achieved by our stores, in all the product categories and the areas where we operate, demonstrate that our customers increasingly appreciate the superior quality of our products and their iconic image, both being even more important to face challenging moments, as the current one. Our brands are increasingly appreciated in all the markets, with no exception. Considering the strong results of the Fall Winter orders' collection, I'm confident that also the second half of the year will deliver great results.”

At constant exchange rates, meaning by using H1 2010 average exchange rates, sales revenues would have been 438.5 million Euros, with growth of 16.2%, EBITDA and EBIT would have been 114.2 and 94.9 million Euros, respectively.

The Tod's brand achieved excellent results, showing an acceleration of its growth (+19.3% in Q1 2011, +25.6% in Q2 2011), driven by the outstanding results of the DOS network, in all the product categories and the geographical regions.

In the first half of 2011, the brand's sales totalled 239.7 million Euros, up 22.3% from H1 20102 .

Revenues of the Hogan brand were 148.3 million Euros, with growth of 7.9% from H1 2010, driven by the organic growth in Italy. The brand is currently focused on its expansion abroad, with emphasis on the Asian markets, where some stores are scheduled to be opened in the next few months.

The Fay brand totalled 35.4 million Euros of sales, with growth of 3.3% from H1 2010, driven by the Italian market, as well.

Finally, the Roger Vivier brand's revenues were 15.6 million Euros in H1 2011, up 64.3% from H1 2010. This growth rate is considerable, despite we continue to remind that this brand is still consolidating its positioning among the most exclusive luxury brands worldwide.

Must ReadView All

Courtesy: Alibaba Group

Apparel/Garments | On 18th Jan 2017

Alibaba forges global alliance to fight counterfeiting

Jack Ma led Alibaba Group has forged an alliance with various global...

Apparel/Garments | On 18th Jan 2017

HanesBrands earns above average scores in CDP 2016

Global apparel and innerwear retailer HanesBrands said it has...

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search