Tod's shares fly to Piazza Affari, benefitting from various positive reports following the publication of the half-yearly accounts. At the start of the session, the company's stock gained more than five points, clearly leading the rises of the Ftse Mib.
Yesterday the luxury group announced to the markets that it had closed the first six months with a net profit of 75,7 million, up 1,8% compared to the same period in 2012. Turnover reached 491,2 million euros (+1,8%), against an ebitda of 129,5 million (+4,8%) and an ebit of 108,2 million (+4,6%).
“In line with our expectations, the second quarter of the year recorded good growth in revenues and profits – commented Diego Della Valle, president and CEO of the group -. Tod's and Roger Vivier continue to achieve excellent results on international markets, confirming the strong appreciation of customers for the quality and exclusivity of the products; at the same time, as expected, the results of Hogan and Fay were influenced by the significant reduction in independent distribution, due to their strong exposure to Italy and the wholesale channel. I am confident that the second half will be able to give us good satisfaction and that, therefore, our group will be able to record further growth in revenues and profits also in this year".
