- Net income rose 13.7% to EUR74.4m (US$91.6m)
- Group sales rose 9.8% to EUR482.5m
- Sees “significant growth” this year
Italian footwear brand Tod’s posted a 13.7% jump in first-half profits, fuelled by strong growth in Asia and North America.
Net income rose to EUR74.4m (US$91.6m) over the six months ended 30 June as group sales rose 9.8% to EUR482.5m.
Sales in Asia and the rest of the world increased 55.6% to EUR144.6m, while North American sales were up 30% to EUR38.1m. In Europe, excluding Italy, sales rose 10.6% to EUR100.8m. However, in Italy, sales declined 12% to EUR199m.
“Half-year results confirm the sound growth of our group in sales and profits,” said chairman and CEO Diego Della Valle.
“Consistent with our international expansion strategy, our group continues to post outstanding results in the foreign markets, in particular in Asian and US markets.
“I’m confident that also the second half of the year will achieve good results and I can confirm our expectations to post a significant growth also this year.”
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