Hogan brand posts significant results - Tod’s S.p.A.

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...

HomeNewsHogan brand posts significant results - Tod’s S.p.A.

Updated On: 11/29/2010

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News

City:

Rome

Country:

Italy  

TOD'S S.p.A. announced excellent results in the first nine months of 2010: strong improvement of profitability (EBITDA: +20.4%, EBIT: +23.6%); double-digit growth of sales in the third quarter (+15.5%).

The Board of Directors approved Tod's Group 9 months 2010 Interim Report.
In 9 months 2010, sales: 609.1 million Euros (+8.9% versus 9M 2009), EBITDA: 157.4 million Euros (+20.4%), EBIT: 133.1 million Euros (+23.6%).

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, Fay and Roger Vivier brands, approved the Group's interim report1 for the first nine months of 2010 (January 1st – September 30th, 2010).

Diego Della Valle, Chairman and CEO of TOD'S Group, commented as follows: “The success of 2010/11 Fall/Winter collections generated a further acceleration of our sales growth, in all the Group's markets and product categories. These outstanding sales figures have further driven the growth in profitability. I'm confident that the fourth quarter of 2010 could give us good results and,tods, consequently, our full year figures should be really positive. Based on the strong results of 2011 Spring Summer collections,Sac Chloé Pas Cher, I believe that our Group will be able to deliver excellent results also next year.”

Consolidated sales were 609.1 million Euros in the first nine months of 2010, with growth of 8.9% from the same period of 2009. Significant acceleration of the sales growth in the third quarter of 2010:

+15.5%, driven by the strong success of the Fall/Winter collections.

Also the operating results were outstanding.

In the first nine months of 2010, EBITDA was 157.4 million Euros, up 20.4% from 9M 20092 and with a 25.8% margin on sales (compared to the 23.4% margin of 9M 2009).

EBIT was 133.1 million Euros, with growth of 23.6% from 9M 2009 and with a 21.8% margin on sales (19.2% margin 9M 2009).

At constant exchange rates,Tods New Arrival, meaning by adopting 9M 2009 average exchange rates, sales revenues would have been 602 million Euros, with growth of 7.6%, EBITDA and EBIT would have been 155 and 131.1 million Euros, respectively.

Tod's brand revenues reported a double-digit growth, fuelled by the outstanding results achieved in all the geographical areas, both for shoes and for handbags and accessories. Sales totalled 310.4 million Euros in the first nine months of 2010, up 13.7% from the same period of the previous year; in the third quarter of 2010, revenues grew by 24%.

Also the Hogan brand posted significant results; sales totalled 211.1 million Euros in the first nine months of 2010, with growth of 6% from the same period of 2009 (9.4% increase in Q3 2010).

Fay brand revenues were 72.8 million Euros in the first nine months of 2010; in line with the management expectations, the Winter collections posted positive results. Revenues grew by 4.4% in Q3 2010, with a strong improvement compared to H1 2010.

Finally, the Roger Vivier brand realized 14.2 million Euros in revenues in the first nine months of 2010, with growth of 26.6% from 9M 2009. As already commented, the analysis of the current sales trends is not fully meaningful, since the brand is now focused on consolidating its exclusivity and prestige.

Tod Group, 2010 Interim Report, Board of Directors of Tod, Italian Company, Milan Stock Exchange, Luxury Goods Group, Luxury Shoes, Leather Goods and Apparel, Hogan, Fay and Roger Vivier Brands, Diego Della Valle, Chairman and CEO of TOD Group, 2011 Spring Summer Collections, Roger Vivier Brand, Italy  

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