Tod's leather goods & accessories sales rise

24 Dec '07

3 min read

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 shoes, leather goods and apparel with the Tod's, Hogan, Fay and Roger Vivier brands approved the Group's results for the first nine months of 2007.

In the first nine months of 2007, consolidated sales were 499.9 million Euros, growing by 14.1% as compared to the same period of 2006. At constant exchange rates, i.e.: by adopting the average 2006 exchange rates, revenues were 508.6 million Euros, with a 16% growth versus the first nine months of 20061.

EBITDA and EBIT were, respectively, 113.6 million Euros and 95.7 million Euros; at constant rates, both the results were approximately four million Euros higher. Consolidated net income was 57.8 million Euros, with a 11.6% margin on sales.

Tod's revenues grew by approx. 10%. At reported rates, they were 267.9 million Euros, increasing by 6.8% versus the same period of the previous year.

Hogan confirmed its excellent results; in the first nine months of 2007, sales were 147.1 million Euros, with a 23.5% growth versus the same period of 2006.

Fay revenues amounted to 69.9 million Euros in the first nine months of 2007, increasing by 12.6%. Finally, Roger Vivier sales continued to post very strong growth rates. In the first nine months of this year, they totalled 12.2 million Euros, or 2.4% of the Group's turnover as of September 30th, 2007, with a 155.2% increase versus the first nine months of 2006.

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