15 Sep 2022
Tod’s has reported its financial results for the first half of the 2022 financial year, achieving revenue growth of 17.4%, reports ILM.
Diego Della Valle – CEO of Tod’s
Group consolidated sales reached €467.5 million in the first half of the year, up 17.4% from the same period in 2021.
EBITDA for the period was €90.6 million, while the operating result for H1 was €17.7 million, with a 3.8% margin on sales. In H1 2021, the company made an operating loss of €2.7 million.
Diego Della Valle, Chairman and CEO of Tod’s, said: “The group’s revenues grew by 17.4% in the first half of 2022 and returned to values higher than those of 2019.
“Thanks to the revenue growth, the half-year recorded an improvement also in operating profit. We are satisfied with these results, which confirm the appreciation for the outstanding positioning of our brands and the high quality of our products.”