Tod’s FY 2012 sales up 7.8 percent

The Board of Directors of Tod’s has approved the group’s

preliminary sales figures for the fiscal year 2012. Consolidated sales were 963.1 million euros (Rs 6,919 crores) in FY 2012, up 7.8 percent from 2011. In the fourth quarter of 2012, sales amounted to 213.2 million euros (Rs1,531 crores) up 9.6 percent from the same quarter of 2011. At constant exchange rates, sales would have been 937.2 million euros(Rs 6,722 crores), up 4.9 percent from FY 2011.

Diego Della Valle, CEO of the Italian Group, said: “I’m deeply satisfied with the sales results achieved in 2012: our group has further strengthened its position of leading player in the luxury goods industry, despite the challenging environment. We have decided to make our Italian wholesale distribution even more selective, in order to preserve our brands’ exclusivity and product positioning. I’m confident also about the group’s net results for 2012, which I believe will be higher than the outstanding level reached the previous year.”

Tod’s brand confirmed its sound double-digit growth in full year 2012: its sales were 569.7 million euros (Rs 4,087 crores) up 16.8 percent from FY 2011. The sales performance by region reflects the group’s strategy to focus its growth on the foreign markets, mainly the Asian ones, which offer higher growth potential, while being highly prudent on the domestic market.

In FY 2012, domestic sales were 383.9 million euros (Rs 2,758 crores); the 14.5 percent difference, as compared to FY 2011, is due to the decision to rationalize the Italian wholesale distribution significantly.

In the area “Rest of Europe”, the group’s sales totalled 200.3 million euros (Rs 1, 438 crores) in FY 2012. The 10.1 percent growth was mainly driven by the double digit performances registered in UK and in France. The US market confirmed its excellent results also in the full year; the group’s sales amounted to 81.6 million euros (Rs 585 crores), up 30.8 percent from FY 2011.

Revenues of the area Asia and Rest of the World” totalled 297.3 million euros (Rs 2,135 crores) in FY 2012, up 48.7 percent from FY 2011. As of December 31, 2012, the group’s distribution network was 193 DOS and 78 franchised stores, compared to 176 DOS and 70 franchised stores as of the end of 2011.

Tod's SpA produces and sells shoes and luxury leather goods with the brand names Tod's and Hogan. The company also deals in the casual wear sector with the brand Fay.