Leather goods contribute to Tod’s results

Worldwide
Published:  16 March, 2016

The Italy based, luxury goods Group has reported excellent results for its leather goods segment, with shoes and handbags largely contributing to the consolidated sales, up 7.4% in 2015, year-on-year.

Consolidated sales were €1,037 million in 2015, up 7.4% from 2014. Sales totalled just over €250 million in the fourth-quarter of 2015, up 11.4% from the same period in 2014, showing a visible acceleration from the first nine months within challenging market environment.

At reported rates, all the brands, product categories, regions (except Hong Kong) and distribution channels registered positive performances. At constant exchange rates, sales would have been €983.2 million, +1.8% from the previous year.

The Group, which owns Tod’s, Hogan, Fay and Roger Vivier brands, has reported that sales of shoes totalled €811.7 million in the year, up 9.2% from 2014, and+12.9% in Q4 2015.

Revenues of leather goods and accessories totalled just over €157 million, up 1.1% from 2014, and +3.1% in Q4 2015. The Group is pleased with the excellent results of the new collection of Tod’s handbags and are confident to see this trend confirmed also in Spring/Summer collections.

According to the company’s report, positive results were obtained in all geographical areas for the Roger Vivier and Hogan brands, which registered, €156 million and €221.4 million as turnover, respectively, up 22.9% and 4.2% from 2014.

As for the Tod’s brand, total sales were €599, up 5.5% from 2014. Good results were registered in all regions, except Greater China, which was slightly negative.

“Our Group has achieved good results, even in a not easy and volatile environment. We are pleased with the positive performance of all our brands in all regions, with the only exception of Hong Kong”, said Diego Della Valle, Tod’s Spa Chairman and CEO. With the presentation of the next Autumn/Winter collections, we believe to have completed the range of our products, with everything which is needed to meet the demand of our customers, both in leather goods and, above all, in shoes, as confirmed by the good start in orders’ collection”, he added.

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