Tod’s nine months-end sales rise 7.3 percent

The Italian company listed on the Milan Stock Exchange

and holding of the luxury goods group of the same name operating in luxury and quality shoes, accessories and apparel with the Tod’s, Hogan, Fay and Roger Vivier brands, said in its interim report for the first nine months of 2012 (January 1st – September 30th, 2012) that its consolidated sales were 749.9 million euros (Rs 5,250 crores) up 7.3 percent from the same period of 2011.

EBITDA reached 199.5 million euros (Rs 1,396 crores) in 9 months 2012, up 3.7 percent from 9 months 2011 and with a 26.6 percent margin on sales.

Commented Group’s Chairman and CEO Diego Della Valle, Chairman and CEO of the Group, “Also in the third quarter, our Group’s sales continued to grow, thus confirming the success of our products, which are more and more appreciated in all markets, for their quality and exclusivity, not linked to fashion trends.” “Given the solid growth rate of Tod’s brand and of our retail network, and the still tough economic situation in Italy, we deemed wise and prudent to adopt a very cautious approach in this market and to be even more selective with the wholesale distribution. We are receiving excellent results from our direct distribution network, which registered a further acceleration of the organic growth with the start of the Fall Winter season. Therefore, I’m confident that our Group will post a significant growth also this year,” Valle added.

Solid double-digit growth for the Tod’s brand, which totalled 435 million euros (Rs 2,993 crores) in sales in the first nine months of 2012, up 16.9 percent from 9 months 2011. This performance is even more noteworthy, when considered the tough comparison basis. The brand achieved excellent results in all its product categories.