Tod’s archive the first nine months with a Ebitda of 156,4 million euros, down compared to 199,5 million in the same period of 2013, and revenues down by 1,5% to 741 million.
Le sales on a like-for-like basis, the directly operated stores in the first 45 weeks of the year (up to 9 November) at constant exchange rates show a contraction of 7,8%, with a worsening compared to the figure at the end of September (-7,5%) mainly due to the inconveniences related to demonstrations in Hong Kong, reads a note.
In the third quarter alone i revenues they amounted to 263,3 million (+0,7%), in line with analysts' estimates and recovering from the trend in the first six months.
In line with the group's expectations, revenues in Italy they returned to growth in the third quarter, the impact of the rationalization of independent distribution having ended.
“The nine-month results are in line with our expectations and reflect the impact of our decision to continue investing in the development of the group, both in the distribution network and in production capacity, even in a context of highly volatile markets”. comments in the note the president and CEO Diego Della Valle, who defines the results of the collection of orders for Spring Summer 2015 as "encouraging".
La net financial position as at 30 September it was positive by 107,6 million.
