Tod's: stock soars after interim results
(CercleFinance.com) - This Monday in Milan, the share of the Italian luxury house Tod's is soaring, after the group unveiled interim results on Friday evening, when it outperformed the consensus.
The group, whose brands also include Hogan, Roger Vivier and Fay, posted revenues of 476.9 million euros, while EBITDA reached 68.6 million euros and net income was 33.7 million euros. However, all these results are below their level a year ago.
These results are the first proof that the group's (previously announced) strategy is starting to work. (...) The group is starting to see initial results, and intends to ensure that this continues in the future, said Diego Della Valle, group CEO.
This optimism has clearly been infectious - the share is soaring, up over 15% in Milan this Monday morning.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The group, whose brands also include Hogan, Roger Vivier and Fay, posted revenues of 476.9 million euros, while EBITDA reached 68.6 million euros and net income was 33.7 million euros. However, all these results are below their level a year ago.
These results are the first proof that the group's (previously announced) strategy is starting to work. (...) The group is starting to see initial results, and intends to ensure that this continues in the future, said Diego Della Valle, group CEO.
This optimism has clearly been infectious - the share is soaring, up over 15% in Milan this Monday morning.
Copyright (c) 2018 CercleFinance.com. All rights reserved.