Tod’s Group reports 7,8 percent increase in turnover for 2012
Italian luxury group Tod’s (Tod’s, Hogan, Roger Vivier, Fay) reports a 7,8% increase in its turnover in 2012 (compared to 2011) reaching a tota of 963,1 million euros. The company’s net profit for 2012 also grew by 7,8% to 145,5 million euros. The operating profitability confirmed the excellent level posted last year: the Group’s EBITDA was 250.2 million Euros, equal to 26% of sales.
Among the brands of the group, Roger Vivier and Tod’s registered the best results, with a record 104,2 % increase in sales at Roger Vivier and a 16% increase in sales for Tod’s (total sales in 2012 - 569.7 million euros). By contrast, Hogan and Fay sales were down, -13,3% and -15% espectively. The performances of Hogan and Fay were affected by the strategic decision to rationalize the Italian wholesale distribution, given the current situation of the domestic market.
Also in 2012, the Group strengthened its undisputed leadership in the core business of shoes. Revenues of this product category totalled 710.4 million Euros in 2012, up 9.9% compared to 2011. Geographically, Asia (and rest of the world) achieved a 48% increase in sales, followed by North America (+30%). Europe (excl Italy) increased by 10% and Italy -14%.