Tod’s sales up 7.4% in 2015

Worldwide
Published:  22 January, 2016

The Italian luxury group has reported a 7.4% increase in 2015 revenues, helped by currency moves that counterbalanced market weakness in Hong Kong.

According to Tod’s, the positive sales result was boosted by a strong performance across its brands and favourable currency moves that helped offset weakness in Hong Kong.

Total revenue for 2015 was €1.04 billion, up 1.8% at constant exchange rates.

"At reported rates, all the brands, product categories, regions (except Hong Kong) and distribution channels registered positive performances," the company said in a statement.

Sales in Italy, Tod’s biggest market, and in the Americas increased 3.7% and 21%, respectively. Sales in Greater China were broadly in line with the previous year. According to the company, some signs of improvement in mainland China have been observed but the positive trend was not yet visible in Hong Kong.

Source: Reuters

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