By  on March 31, 2008

MILAN — Italian luxury shoe and leather goods group Tod's SpA said Friday earnings grew 17.8 percent in 2007 and forecast "good results" for the current year, despite a challenging economic environment.

Buoyed by strong demand for high-quality footwear in Italy and the rest of Europe, the company, which owns the Tod's, Hogan, Fay and Roger Vivier brands, reported net profits for the 12 months ended Dec. 31 of 78.7 million euros, or $107.9 million at average exchange, ahead of analysts' estimates.

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