Tod's SpA, an Italian manufacturer of luxury shoes and other leather goods, has reported 55 per cent sales jump to €398.3 million in the first half (H1) of FY21 ended on June 30, 2021, compared to the sales of €256.9 million in the same period of 2020. Sales from China region during the six-month period more than doubled to €156.2 million (€74.3 million).
Tod's SpA, an Italian manufacturer of luxury shoes and other leather goods, has reported 55 per cent sales jump to €398.3 million in the first half (H1) of FY21 ended on June 30, 2021, compared to the sales of €256.9 million in the same period of 2020. Sales from China region during the six-month period more than doubled to €156.2 million (€74.3 million).#
“The second quarter of the year confirmed an acceleration of the group's performance, especially in the areas of the world where the stores are working at full capacity. Very strong growth in China, while the areas penalised by the absence of tourists are still weak,” Diego Della Valle, chairman and CEO of Tod’s Group, said in a press release.
Tod's SpA, an Italian manufacturer of luxury shoes and other leather goods, has reported 55 per cent sales jump to €398.3 million in the first half (H1) of FY21 ended on June 30, 2021, compared to the sales of €256.9 million in the same period of 2020. Sales from China region during the six-month period more than doubled to €156.2 million (€74.3 million).#
“Roger Vivier registered solid results and consumer feedback on the Tods brand collections was very satisfactory, both for shoes and for all leather goods; we are also very satisfied with the good start of the Fall Winter collections currently in stores,” Valle added.
Tod's SpA, an Italian manufacturer of luxury shoes and other leather goods, has reported 55 per cent sales jump to €398.3 million in the first half (H1) of FY21 ended on June 30, 2021, compared to the sales of €256.9 million in the same period of 2020. Sales from China region during the six-month period more than doubled to €156.2 million (€74.3 million).#
The company’s EBITDA for the first half rose to €64.9 million against loss of €18.7 million in H1 FY20. Net loss reduced from €80.6 million to €20.7 million in the reported period.
Tod's SpA, an Italian manufacturer of luxury shoes and other leather goods, has reported 55 per cent sales jump to €398.3 million in the first half (H1) of FY21 ended on June 30, 2021, compared to the sales of €256.9 million in the same period of 2020. Sales from China region during the six-month period more than doubled to €156.2 million (€74.3 million).#
By brand, sales from Tod’s brand grew 50.9 per cent to €188.0 million (€124.5 million), while Roger Vivier sales climbed 83.6 per cent to €112.7 million (€61.4 million). Hogan sales increased 38.0 per cent to €80.5 million (€58.4 million) and Fay brand recorded 35.0 per cent rise in sales to €16.8 million (€12.4 million).
Tod's SpA, an Italian manufacturer of luxury shoes and other leather goods, has reported 55 per cent sales jump to €398.3 million in the first half (H1) of FY21 ended on June 30, 2021, compared to the sales of €256.9 million in the same period of 2020. Sales from China region during the six-month period more than doubled to €156.2 million (€74.3 million).#
Regionally, sales from Italy escalated 35.5 per cent to €88.8 million (€65.6 million), and sales from Europe (excluding Italy) were up 22.1 per cent to €74.9 million (€61.2 million). Moreover, sales from Americas increased 58.2 per cent to €25.4 million (€16.1 million), while rest of the world sales surged 33.8 per cent to €53.1 million (€39.7 million).
Tod's SpA, an Italian manufacturer of luxury shoes and other leather goods, has reported 55 per cent sales jump to €398.3 million in the first half (H1) of FY21 ended on June 30, 2021, compared to the sales of €256.9 million in the same period of 2020. Sales from China region during the six-month period more than doubled to €156.2 million (€74.3 million).#
The retail channel registered strong sales in H1 of FY21 to €292.0 million (€185.1 million) driven by the excellent growth of the e-commerce channel. Wholesale channel were also influenced by the different timing of deliveries among the quarters, the Italian retailer said.
Tod's SpA, an Italian manufacturer of luxury shoes and other leather goods, has reported 55 per cent sales jump to €398.3 million in the first half (H1) of FY21 ended on June 30, 2021, compared to the sales of €256.9 million in the same period of 2020. Sales from China region during the six-month period more than doubled to €156.2 million (€74.3 million).#
“The results of the e-commerce channel were excellent, thanks also to the important investments made in the digital division. I believe that the increase in volumes and the quality of revenues, together with the careful control of overhead costs, will allow us to achieve a gradual improvement in margins,” Valle concluded.
Fibre2Fashion News Desk (JL)
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