Tod's goes public after the publication of the preliminary data on revenues 2021. In the middle of the day, the stock rose by 13,87% to €45,80, close to the highs for the day.
Yesterday evening, with the markets closed, Tod's announced that it closed 2021 with better-than-expected sales and preliminary revenues up 38,7%, to 883,4 million euros compared to 637,2 million in 2020. of Tod's, at constant exchange rates, rose by 39,2% to 887,1 million euros.
Looking at the company's fourth quarter alone, revenues stood at 261 million, up 41,6% compared to the last quarter of 2020 and 9,6% compared to the fourth quarter of 2019.
The president and CEO XNUMX Diego Della Valle he remarked how it was the growth of Roger Vivier and a strong push from Tod's, in the second half of the year, that pushed and improved the company's overall turnover trend. “2021 – he declared – closes with positive sales results that exceed our expectations at the beginning of the year”.
“At a geographical level, the gradual recovery in Western markets has added to the excellent results recorded by our brands in China, and in the Asian continent in general, with a trend that reflects the gradual improvement in market conditions. These sales data – says Della Valle – will allow the Group to return to positive operating results already in 2021. The e-commerce channel recorded excellent results, with triple-digit growth in revenues compared to 2019. The careful review of our distribution network made in the last two years has greatly improved its productivity and, overall, the direct channel has recorded results higher than those of 2019 during the year", concluded Della Valle.
