Tod's: back to black in 2022

(CercleFinance.com) - Italian shoe manufacturer Tod's has announced sales of 1,006 million euros in 2022, up almost 14% y-o-y (or +11.
4% at constant exchange rates).

At the same time, EBIT more than doubled from 24 million euros to 58 million euros.
The group recorded net profit of 23 million euros, much better than the loss of 5.9 million euros recorded a year earlier.

At constant exchange rates, business grew in all divisions, including Shoes (+7.6%), Leather Goods & Accessories (+31.8%) and Apparel (+13.2%).

Geographically, and still at constant exchange rates, sales rose by 15.9% in Italy, 24.6% in the rest of Europe and 19.9% in the Americas.


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