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

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Paolo Ocleppo
Sandvik Hyperion

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Igor Chapurin
Chapurin

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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