In the first nine months, Tod's achieved an EBIT up 3,2% to 169,7 million, on revenues of 749,9 million (+7,3%). The luxury group confirms the expectations of a "significant growth" in 2012.
Geographically, revenues are driven by the 'Asia and rest of the world' area with an increase of around 55% on the previous year. North America is doing well (+33%), Europe is holding up (+8,3%) while Italy is weak (-14%) even if it remains the main market with over 300 million euros in turnover. At the end of September the net financial position was positive by 74 million, up from 64,5 million a year earlier.
Accounts in the red instead in 2011 for Dorint. Diego Della Valle's Luxembourg holding closed last year with a loss of 19,88 million euros, after the negative result of 12,57 million the previous year. The trend - explains the financial statements filed today in the Grand Duchy and consulted by Radiocor - is linked to the fact that the company 'has not yet obtained any income from shareholdings, while general and administrative expenses have exceeded the company's other income and it was necessary make adjustments to the value of holdings'.
During the year – specifies the annual report – the company recapitalised the subsidiaries Roger Vivier and Gousson-Consultadoria and Marketing. The shareholders' meeting of the holding, which was held on November 8, decided to carry forward the loss. Dorint's balance sheet includes financial assets for 149,27 million euros against 154,6 million in 2010. Last year write-downs totaled 20 million, after 13,4 million in 2010. Among the equity investments held by the holding company is the 5,49% Rcs.
