Dive into Tod’s Group’s stellar H1 2023 performance! Discover the booming success of your favorite Italian fashion powerhouse, brand-by-brand and region-by-region.

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In a recent financial update, Tod’s Group, an illustrious Italian luxury fashion firm, revealed a robust growth in their performance during the first half of fiscal year 2023 (H1 FY23) compared to the previous year.

Substantial Uptick in Turnover and Profits

The company’s consolidated turnover sky-rocketed to €569.1 million, representing a substantial 21.7% increase compared to H1 FY22.

This figure could have soared to a 22.8% growth, translating to about €574 million, barring a negative currency impact of €5 million.

The firm’s EBITDA (earnings before interest, taxes, depreciation, and amortization) stood at €138.8 million, translating to a sales margin of 24.4%, showcasing a remarkable improvement of 5 percentage points from the 19.4% margin recorded in H1 FY22.

Furthermore, Tod’s operating result (EBIT) also saw a considerable jump, settling at €60.3 million, almost triple the margin noted in the same period the preceding year.

Individual Brand Performances

Delving deeper into the numbers, it becomes apparent that each brand under the Tod’s Group umbrella experienced double-digit growth.

The flagship brand, Tod’s, witnessed a 21.3% growth, bringing in a whopping €283.3 million in revenue.

Close on its heels was Roger Vivier, which enjoyed a notable 28.4% growth, accumulating €152.5 million.

Moreover, Hogan and Fay demonstrated robust performances with 14.3% and 19.8% growth, respectively, translating to revenues of €108.5 million and €23.5 million.

The ‘other’ category was not left behind either, rising from €0.7 million in H1 FY22 to €1.3 million in H1 FY23.

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Geographical Breakdown of Sales

Tod’s Group recorded substantial growth in several key markets, with Greater China leading with a 43.2% increase in reported rates.

The ‘rest of the world’ category followed closely, which saw a 23.9% rise.

European markets, not including Italy, and Italy itself grew by 14% and 12.2%, respectively.

However, the Americas region experienced a slight dip of 1.8%.

CEO Expresses Satisfaction

Diego Della Valle, the chairman and CEO of Tod’s Group, expressed his contentment with the company’s stellar performance in H1 FY23, highlighting the double-digit revenue growth across all brands and a threefold increase in the operating result compared to the last year.

He lauded the results of Tod’s and Roger Vivier’s brands as being particularly brilliant in all product categories, crediting their success to the ever-increasing appreciation from customers, who admire their products’ superior quality, craftsmanship, and style.

Della Valle noted, “I am very satisfied with the results achieved by our Group in the first half of 2023.”

In conclusion, with such a promising performance in the first half of FY23, the Tod’s Group paints a picture of resilience and growth, establishing a positive outlook for the future amidst a fiercely competitive market.

The firm has successfully showcased the strength of Italian craftsmanship and high-quality products, promising a bright future.