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

Serbian economy minister Goran Knezevic (left) and Taypa president Mesut Toprak after signing the MoU. Courtesy: Serbian Government/SeeNews

Textiles | On 20th Oct 2017

Turkish group Taypa to build textile factory in Serbia

Turkish textile group Taypa will invest euro 35 million ($41.2...

China’s textile & apparel exports rise 4.3% in Sept ’17

Textiles | On 20th Oct 2017

China’s textile & apparel exports rise 4.3% in Sept ’17

Registering an increase of 4.3 per cent year-on-year, the exports of...

Courtesy: Messe Frankfurt

Textiles | On 20th Oct 2017

Heimtextil to focus on textile solutions for architects

Heimtextil 2018, world's leading trade fair for home and contract...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.9%
No
13.2%
Skip
8.8%

Total Votes: 68

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
27.9%
Skip
10.3%

Total Votes: 68

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.3%
No
10.3%
Skip
4.4%

Total Votes: 68

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.0%
No
11.8%
Skip
13.2%

Total Votes: 68


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search