Milan based casual wear seller TOD'S S.p.A. Board of Directors (BOD) approved its Consolidated Financial Statements for the first nine months of 2005 (January 1st – September 30th, 2005).
The Group's results confirm the growth of revenues and profits. Revenues were 395.9 millions, growing by 19.4 percent as compared to 331.6 millions of the same period of 2004. EBITDA and EBIT amounted to 90.1 and 73.1 millions, increasing, respectively, by 26.7 percent and by 34 percent as compared to the first nine months of 2004, and, finally, net income was 43.8 millions (+35.5 percent versus the first nine months of 2004).
Tod's Group's turnover was 395.9 million Euros, growing by 19.4 percent as compared to the first nine months of 2004. This growth rate is even more remarkable, when we consider the challenging comparison basis: in fact, in the first nine months of 2004 revenues had increased by 15.8 percent as compared to the same period of the previous year.
All the Group's brands confirm the excellent growth rates already shown in the previous months of 2005. Tod's e Hogan achieved outstanding results: revenues increased respectively by 18.9 percent and 21.3 percent (20.5 percent and 21.7 percent at constant rates). Sales with the Fay brand (which are not affected by the currency impact) grew by 15.8 percent in the period.
As of September 30th, 2005, Tod's revenues represented 55.7 percent of the Group's turnover, Hogan and Fay represented, respectively, 25.3 percent and 16.5 percent.
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