# Tod’s sales rise 17% in first half of year
Published: 2022-09-08
Category: News
Category URL: https://internationalreleases.com/category/news/
Meta Title: Tod's Fashion Group Sales Rise 17% Despite China Slump
Meta Description: Italian fashion group Tod's sees 17% sales growth, hitting 467.5 million euros in revenue despite COVID slowdown in China. Operating profit also up sign...
URL: https://internationalreleases.com/tods-sales-rise-17-in-first-half-of-year/

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MILANO (Reuters) – Sales at Italian fashion group Tod’s rose by 17% in the first half of the year, broadly in line with market expectations, despite a COVID-driven slump in China in the second quarter.

Revenues totalled 467.5 million euros ($464.70 million) in the six months to June, pushed by Europe and Americas, while they fell by 19% in Greater China at constant exchange rates due to COVID-19 restrictions.

Operating profit improved to 17.7 million euros from a 2.7 million euros loss an year earlier, the company said on Wednesday.

Analysts had expected 464 million euros in sales and a 9 million euros EBIT, according to a Refintiv consensus.

($1 = 1.0060 euros)

(Reporting by Claudia Cristoferi, editing by Federico Maccioni)


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