Hogan brand posts significant results - Tod’s S.p.A.

TOD’S S.p.A. announced excellent results in the first nine months of 2010: strong improvement of profitability (EBITDA: +20.4%, EBIT: +23.6%); double-digit growth of sales in the third quarter (+15.5%).

The Board of Directors approved Tod’s Group 9 months 2010 Interim Report.
In 9 months 2010, sales: 609.1 million Euros (+8.9% versus 9M 2009), EBITDA: 157.4 million Euros (+20.4%), EBIT: 133.1 million Euros (+23.6%).

The Board of Directors of Tod’s S.p.A., the Italian company listed on the Milan Stock Exchange and holding of the luxury goods group of the same name operating in luxury shoes, leather goods and apparel with the Tod’s, Hogan, Fay and Roger Vivier brands, approved the Group’s interim report1 for the first nine months of 2010 (January 1st – September 30th, 2010).

Diego Della Valle, Chairman and CEO of TOD’S Group, commented as follows: “The success of 2010/11 Fall/Winter collections generated a further acceleration of our sales growth, in all the Group’s markets and product categories. These outstanding sales figures have further driven the growth in profitability. I’m confident that the fourth quarter of 2010 could give us good results and, consequently, our full year figures should be really positive. Based on the strong results of 2011 Spring Summer collections, I believe that our Group will be able to deliver excellent results also next year.”

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