Tod's FY profit up 39% on higher sales, margins in 2005

31 Mar '06

3 min read

Tod's SpA, the Italian luxury goods and clothing company behind the Tod's, Hogan and Fay brands, has approved the draft of the Consolidated Financial Statements for the Group in 2005.

Milan-based Tod's reported that net profit increased by 39 percent to €53.9 million in 2005, boosted by higher sales and margins. The Group's turnover was €503.0 million, growing by 19.5 percent as compared to 2004.

All the Group's brands reported strong increases in 2005 revenues. More in details, Tod's sales grew by 20.3 percent, Hogan revenues increased by 23.3 percent and Fay sales grew by 12.3 percent.

As of December 31stst 2005, the three brands represented, respectively, 57.4 percent, 25.1 percent and 15.3 percent of the Group's turnover. Other revenues include the revenues generated by brands produced by the Group pursuant to licensing and/or production agreements, for a total value of €11.3 million, equal to 2.2 percent of consolidated sales.

All the Group's product categories posted outstanding results in 2005. In particular, revenues from shoes, which represented 62.6 percent of consolidated turnover as of December 31st 2005, increased by 17.4 percent.

The revenues generated by leather goods and accessories grew by 32 percent in 2005, showing an acceleration of the growth in the last quarter of the year, thus confirming the increasing success enjoyed by the existing products and also benefiting from the continuous expansion in product categories, which are consistent with the brand philosophy.

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