Home / Knowledge / News / Fashion / TOD'S H1 sales grow at constant exchange rates
TOD'S H1 sales grow at constant exchange rates
02
Aug '08
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, today approved the Group's H1 2008 preliminary sales results.

In the first six months of 2008, consolidated turnover, calculated at constant exchange rates, meaning by using H1 2007 average exchange rates, was 355.1 million Euros, showing a 12.2% increase as compared to the first half of 2007. At reported exchange rates, revenues were 347 million Euros, with a 9.7% growth.

Breakdown of Consolidated Sales by Brand: growth for all the brands:
In the first half of 2008, Tod's revenues were 180.8 million Euros; at constant exchange rates, the growth was 7.7%, showing a strong acceleration as compared to the first quarter of the year.

Also Hogan posted a further improvement of the excellent results achieved in the previous months; in the semester, its revenues were 117.1 million Euros and posted a 24.4% growth at constant rates.

Fay sales were 38.8 million Euros in the first half of 2008; this turnover is aligned with the corresponding figure of H1 2007, when the brand's revenues grew by 30.6% versus H1 2006.

Finally, Roger Vivier sales were 9.1 million Euros; the approx. 35% growth, at constant exchange rates, is extremely outstanding, even if is not fully meaningful, due to the still low volumes, on the one hand, and the start-up phase of this prestigious brand of luxury shoes and accessories, on the other hand.

Breakdown of Consolidated Sales by Product: outstanding growth for shoes:
Revenues from shoes were 242.2 million Euros in the first half of 2008; at constant exchange rates, the sales growth was 17.7% and confirms the continuous increase of the Group's brands' market shares.

In line with the management expectations, revenues from leather goods and accessories showed an improvement as compared to the first quarter of the year (-0.7% in H108 versus -2.8% in Q108, at constant exchange rates). In the first half of 2008, sales were 65.4 million Euros. While the Pashmy line of bags is starting to achieve excellent results, the performance of higher priced leather bags was more influenced by the still challenging macro-economic environment.

Finally, revenues from apparel were 39.1 million Euros, posting a 6% growth in the first half of 2008.

Breakdown of Consolidated Sales by Region: growth of sales volumes in all the Group's markets:
In the first half of 2008, revenues on the domestic market were 182.1 million Euros, showing a 17.3% growth versus the first six months of 2007.

Also in the rest of Europe, the Group posted positive results; revenues totalled 83.5 million Euros, with a 3.7% growth at constant exchange rates.

Sales on the US market grew by 8.2% in H1 2008, at constant exchange rates. Revenues on this market were 30 million Euros.


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Carolin Russ

Weko, Weitmann &amp; Konrad GmbH &amp; Co KG, based in south Germany, is...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Lynda Kelly
Suominen Corporation

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

Larry L Kinn
Suominen Corporation

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave 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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search