Luxury ignores the crisis. Confirming the rule they arrive today Tod's accounts, which archives the first half of 2012 with net profits of 74,4 million, up 13,7% compared to the same period last year. The group from the Marche communicates it after the board meeting which approved the quarterly results.
Growing too the revenues, which reach 482,5 million (+9,8% on an annual basis), with a good acceleration especially between April and June (+12%). Driving the numbers are primarily "the results of the channel of direct stores", explains the company. In the wake of these numbers, the Tod's share on the Stock Exchange gains more than ten points.
“Also considering the growing appreciation of our customers for our products – comments Tod's number one, Diego Della Valle – I am confident that the second half will also give us good results and I can therefore confirm our prospects for achieving significant growth in the full year 2012. As a result of our international expansion strategy, we are achieving excellent results on foreign markets, especially the American and Asian ones”.
The group's Ebitda rose by 6,8% to 123,5 million, with a 25,6% margin on sales. Ebit, on the other hand, stands at 103,4 million euros (+7,3%).
