Tod's profit declines by 27%
16.03.2015 2818

Tod's profit declines by 27%

Tod's has released financial results for the year. The group of companies ended 2014 with a net profit of 97,1 million euros, down 27% from 133,78 million a year earlier.

In particular, the revenue of the main brand - the brand of footwear and accessories for men and women Tod's - reached 568 million euros (-1,7%), Hogan - 212,3 million (-2,2%), Fay - 57,3 million ( almost equal to the result of 2013), and the Roger Vivier brand showed an increase of 11,6%, to 126,9 million.

Despite the downturn in profits, Tod's president Diego Della Valle said the group is aiming for a new leap forward in the medium term.

The forecasts of the group analysts suggest an increase in turnover by 5,5% in 2015 year with a margin of 20,3%.

Tod's unveils financial results for the year.

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