By and  on November 11, 2009

MILAN — Italian luxury shoe and leather group Tod’s SpA on Wednesday reiterated its bullish outlook for the year, forecasting “excellent results in 2009” after nine-month sales edged up 1.8 percent and earnings remained almost flat.

For the nine months through Sept. 30, the group, which owns the Tod’s, Hogan, Fay and Roger Vivier labels, reported earnings before interest, taxes, depreciation and amortization of 129.3 million euros, or $176.7 million, down slightly from 128.8 million euros, or $196.1 million in the corresponding period the year before. Consolidated sales increased to 559.4 million euros, or $764.6 million, led by Hogan and demand for shoes in Italy and Asia.

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