Tod's SpA reports solid growth in leather goods for Q1
27 Jul '05
4 min read
Shoes and luxury leather products producer & seller TOD'S S.p.A's Board of Directors (BOD) approved the Consolidated Preliminary Sales Figures for the first half of 2005.
Strong turnover growth of 21.8%; outstanding results for all brands. 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 and Fay brands, today approved Tod's Group preliminary sales figures for the first half of 2005.
The consolidated turnover was 236.8 million Euros, growing by 21.8% in comparison with the same period of 2004. At constant exchange rates, revenues were 239 million Euros, showing a 22.9% increase as compared to June 30th, 2004.
The herein commented preliminary figures have been drafted in compliance with the Italian accounting principles. As already anticipated, the Tod's Group is completing the transition to the International Accounting Standards IAS/IFRS and considered as a reasonable target to draw up the first financial statements according to the new international principles with the release of the First Half 2005 Report.
The Board of Directors has also deliberated that the board for the approval of H1 2005 report will be called on September 26th, 2005 (different from the date published on previous 2005 financial calendar).
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