Tod’s brand revenues increased by 19.1% and overall leather goods sales increased by 33.7%. Diego Della Valle, Chairman and CEO of the Group, commented as follows: “I am very satisfied with the goal achieved. The Group’s turnover has exceeded €1 billion, up by 13.9% compared to 2021. It is even more important to see the quality of these numbers. The growth, in fact, was driven by the retail channel and the Tod’s brand, which recorded excellent results across all product categories. We are pleased to note that our customers are increasingly appreciating the very high quality of our products, their craftsmanship and their iconic Italian lifestyle with a strong creative value.”
In the fiscal year 2022, Tod’s Group consolidated sales were €1,006.9 million, up 13.9% from FY 2021 and approximately 10% higher that the pre-pandemic level of 2019.
The impact of currencies was positive, particularly for the Tod’s and Roger Vivier brands, which have the largest presence abroad; at constant exchange rates, i.e. using the same average exchange rates as in FY 2021, including the effects of hedging, the Group’s revenues amounted to €984.2 million (+11.4% compared to FY 2021).
“We are continuing the development of our distribution network, with the opening of selected boutiques also in new markets and we are particularly focused on improving the organic growth. We are also increasingly strengthening our marketing and communication team, with particular attention to the digital world, to get closer and closer to younger clientele. Considering the excellent start to the year in our stores and the solidity of the order book for next season, we are very confident regarding the Group’s future results”, said Della Valle.
