Tod's sales up 19.6% to €503.1m in 2005

01 Feb '06

4 min read

As of December 31st 2005, the aggregate revenues generated by leather goods and accessories represented 22.2 percent of consolidated turnover, strongly increasing in comparison with the 20.1 percent of the previous year, in line with the diversification strategy pursued by the group.

Finally, apparel revenues grew by 12.2 percent in 2005 and represented 15 percent of consolidated sales as of December 31st, 2005.

In 2005, the group posted double-digit growth of revenues in all the markets where it operates. Sales increased by 18 percent in Italy and by 15.2 percent in the rest of Europe; the impact of currency fluctuations is not significant in this area, which globally represents two thirds of the group's turnover.

The US market achieved outstanding results: sales grew by 13.7 percent in 2005, showing the expected acceleration in the last quarter of the year. Finally, the Asian markets confirmed in the full year 2005 the excellent results, already posted in the previous months, consistently with the group's internationalization strategy, which is currently focused on this area.

In 2005 revenues increased by 42.1 percent as of December 31st 2005, Asian markets represented 14 percent of the group's turnover, up sharply from the 11.8 percent figure of the previous year. In line with the already commented strategy of expansion into the Asian markets, the group is continuing its strategy of store openings.

Also revenues generated by DOS posted outstanding results, growing by 17.9 percent in the year 2005, mostly driven by the organic growth of sales in existing stores.

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